AGF Investments Trust

AGFiQ U.S. Market Neutral Momentum Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
LONG POSITIONS - 83.1%
COMMON STOCKS - 83.1%
Aerospace & Defense - 0.5%
Axon Enterprise, Inc.*(a)		308		27,936
Air Freight & Logistics - 0.9%
United Parcel Service, Inc., Class B(a)		164		27,327
XPO Logistics, Inc.*		304		25,737
				53,064
Automobiles - 0.8%
Tesla, Inc.*(a)		60		25,740
Thor Industries, Inc.(a)		260		24,768
				50,508
Banks - 1.2%
Commerce Bancshares, Inc.(a)		440		24,768
First Republic Bank(a)		232		25,302
SVB Financial Group*(a)		104		25,024
				75,094
Beverages - 1.2%
Boston Beer Co., Inc. (The), Class A*(a)		28		24,734
Brown-Forman Corp., Class B(a)		360		27,115
Monster Beverage Corp.*(a)		312		25,023
				76,872
Biotechnology - 3.1%
Alnylam Pharmaceuticals, Inc.*(a)		200		29,120
Immunomedics, Inc.*(a)		636		54,079
Moderna, Inc.*(a)		372		26,319
Regeneron Pharmaceuticals, Inc.*(a)		44		24,630
Seattle Genetics, Inc.*(a)		172		33,659
Vertex Pharmaceuticals, Inc.*(a)		92		25,035
				192,842
Building Products - 1.2%
Fortune Brands Home & Security, Inc.(a)		308		26,648
Masco Corp.(a)		444		24,478
Trex Co., Inc.*(a)		352		25,203
				76,329
Capital Markets - 6.9%
Ameriprise Financial, Inc.(a)		168		25,891
BlackRock, Inc.(a)		44		24,796
Blackstone Group, Inc. (The), Class A(a)		484		25,265
E*TRADE Financial Corp.(a)		488		24,424
FactSet Research Systems, Inc.(a)		72		24,111
Intercontinental Exchange, Inc.(a)		248		24,812
Janus Henderson Group plc(a)		1,264		27,454
MarketAxess Holdings, Inc.(a)		52		25,043
Moody's Corp.(a)		88		25,507
Morgan Stanley(a)		508		24,562
Morningstar, Inc.(a)		160		25,698
MSCI, Inc.(a)		72		25,688
Nasdaq, Inc.(a)		196		24,051
S&P Global, Inc.(a)		72		25,963
State Street Corp.(a)		384		22,783
T. Rowe Price Group, Inc.(a)		192		24,618
Tradeweb Markets, Inc., Class A(a)		460		26,680
				427,346
Chemicals - 2.9%
Air Products and Chemicals, Inc.(a)		88		26,212
Albemarle Corp.(a)		284		25,355
Chemours Co. (The)(a)		1,256		26,263
FMC Corp.(a)		240		25,418
Linde plc(a)		104		24,765
Scotts Miracle-Gro Co. (The)(a)		160		24,466
Sherwin-Williams Co. (The)(a)		40		27,870
				180,349
Commercial Services & Supplies - 1.7%
Copart, Inc.*(a)		256		26,921
MSA Safety, Inc.(a)		220		29,517
Rollins, Inc.(a)		468		25,361
Stericycle, Inc.*(a)		416		26,233
				108,032
Communications Equipment - 0.4%
Lumentum Holdings, Inc.*(a)		304		22,840
Construction & Engineering - 0.4%
Quanta Services, Inc.(a)		512		27,064
Consumer Finance - 0.4%
Green Dot Corp., Class A*(a)		500		25,305
Containers & Packaging - 0.4%
Berry Global Group, Inc.*(a)		508		24,547
Distributors - 0.4%
Pool Corp.(a)		80		26,763
Diversified Consumer Services - 0.4%
Chegg, Inc.*(a)		344		24,575
Electric Utilities - 1.7%
Alliant Energy Corp.(a)		484		24,999
Eversource Energy(a)		312		26,068
NextEra Energy, Inc.(a)		92		25,535
Xcel Energy, Inc.		384		26,500
				103,102
Electrical Equipment - 1.2%
Generac Holdings, Inc.*(a)		136		26,335
Regal Beloit Corp.(a)		264		24,782

AGF Investments Trust

AGFiQ U.S. Market Neutral Momentum Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
Rockwell Automation, Inc.(a)		112		24,716
				75,833
Energy Equipment & Services - 0.3%
Halliburton Co.(a)		1,660		20,003
Entertainment - 1.2%
Activision Blizzard, Inc.(a)		312		25,256
Netflix, Inc.*(a)		48		24,002
Zynga, Inc., Class A*		2,940		26,813
				76,071
Equity Real Estate Investment Trusts (REITs) - 6.9%
Alexandria Real Estate Equities, Inc.(a)		152		24,320
American Tower Corp.(a)		108		26,107
Americold Realty Trust(a)		688		24,596
CoreSite Realty Corp.(a)		208		24,727
Crown Castle International Corp.(a)		164		27,306
CyrusOne, Inc.(a)		320		22,410
Digital Realty Trust, Inc.(a)		172		25,243
EastGroup Properties, Inc.(a)		196		25,349
Equinix, Inc.(a)		32		24,324
First Industrial Realty Trust, Inc.(a)		608		24,198
Invitation Homes, Inc.(a)		920		25,751
Medical Properties Trust, Inc.(a)		1,448		25,528
PotlatchDeltic Corp.(a)		572		24,081
Prologis, Inc.(a)		260		26,161
Rexford Industrial Realty, Inc.(a)		552		25,259
SBA Communications Corp.(a)		88		28,026
Weyerhaeuser Co.		892		25,440
				428,826
Food & Staples Retailing - 0.8%
Costco Wholesale Corp.(a)		76		26,980
Kroger Co. (The)(a)		720		24,415
				51,395
Food Products - 1.7%
Darling Ingredients, Inc.*(a)		800		28,824
Hain Celestial Group, Inc. (The)*(a)		796		27,303
Hormel Foods Corp.(a)		516		25,227
Kraft Heinz Co. (The)(a)		744		22,283
				103,637
Health Care Equipment & Supplies - 2.9%
ABIOMED, Inc.*(a)		84		23,273
Align Technology, Inc.*(a)		88		28,808
DexCom, Inc.*(a)		60		24,734
Masimo Corp.*(a)		120		28,327
Penumbra, Inc.*(a)		116		22,548
Varian Medical Systems, Inc.*(a)		152		26,144
West Pharmaceutical Services, Inc.		96		26,390
				180,224
Health Care Providers & Services - 0.8%
Amedisys, Inc.*(a)		108		25,534
DaVita, Inc.*(a)		300		25,695
				51,229
Health Care Technology - 0.9%
Teladoc Health, Inc.*(a)		124		27,186
Veeva Systems, Inc., Class A*(a)		96		26,994
				54,180
Hotels, Restaurants & Leisure - 1.2%
Chipotle Mexican Grill, Inc.*(a)		20		24,874
Churchill Downs, Inc.(a)		152		24,901
Domino's Pizza, Inc.(a)		64		27,218
				76,993
Household Durables - 1.6%
DR Horton, Inc.(a)		356		26,924
Garmin Ltd.(a)		252		23,905
Helen of Troy Ltd.*(a)		124		23,997
Lennar Corp., Class A(a)		340		27,771
				102,597
Household Products - 0.4%
Clorox Co. (The)(a)		120		25,220
Independent Power and Renewable Electricity Producers - 0.4%
AES Corp. (The)(a)		1,480		26,803
Insurance - 3.4%
Aon plc, Class A(a)		132		27,232
Arthur J Gallagher & Co.(a)		252		26,606
Assurant, Inc.(a)		216		26,203
Brown & Brown, Inc.(a)		576		26,075
Marsh & McLennan Cos., Inc.(a)		228		26,152
Progressive Corp. (The)(a)		284		26,886
RLI Corp.(a)		280		23,444
Willis Towers Watson plc(a)		128		26,729
				209,327
Interactive Media & Services - 1.0%
Snap, Inc., Class A*(a)		1,228		32,063
Zillow Group, Inc., Class C*		312		31,696
				63,759
Internet & Direct Marketing Retail - 1.2%
Amazon.com, Inc.*(a)		8		25,190
Etsy, Inc.*(a)		208		25,299
Wayfair, Inc., Class A*(a)		76		22,117
				72,606
IT Services - 2.5%
EPAM Systems, Inc.*(a)		80		25,862
MongoDB, Inc.*(a)		116		26,855
Okta, Inc.*(a)		116		24,807
PayPal Holdings, Inc.*(a)		128		25,220
Square, Inc., Class A*(a)		172		27,959
Twilio, Inc., Class A*(a)		100		24,709
				155,412
Life Sciences Tools & Services - 1.7%
Bio-Rad Laboratories, Inc., Class A*(a)		52		26,804
Charles River Laboratories International, Inc.*(a)		120		27,174
Repligen Corp.*(a)		176		25,967

AGF Investments Trust

AGFiQ U.S. Market Neutral Momentum Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
Thermo Fisher Scientific, Inc.(a)		60		26,491
				106,436
Machinery - 1.3%
Cummins, Inc.(a)		124		26,184
Nordson Corp.(a)		140		26,855
PACCAR, Inc.(a)		300		25,584
				78,623
Media - 1.3%
Cable One, Inc.(a)		16		30,167
Charter Communications, Inc., Class A*(a)		44		27,471
Liberty Broadband Corp., Class C*(a)		184		26,288
				83,926
Metals & Mining - 0.8%
Freeport-McMoRan, Inc.(a)		1,748		27,339
Newmont Corp.(a)		400		25,380
				52,719
Multiline Retail - 0.9%
Dollar General Corp.(a)		128		26,832
Target Corp.(a)		172		27,076
				53,908
Multi-Utilities - 1.3%
Ameren Corp.(a)		336		26,571
Dominion Energy, Inc.(a)		336		26,521
WEC Energy Group, Inc.(a)		288		27,907
				80,999
Oil, Gas & Consumable Fuels - 2.2%
Cabot Oil & Gas Corp.(a)		1,404		24,374
Cheniere Energy, Inc.*(a)		516		23,875
EQT Corp.(a)		1,672		21,619
Equitrans Midstream Corp.(a)		2,496		21,116
Hess Corp.(a)		556		22,757
Williams Cos., Inc. (The)(a)		1,244		24,445
				138,186
Paper & Forest Products - 0.4%
Louisiana-Pacific Corp.(a)		800		23,608
Pharmaceuticals - 0.9%
Catalent, Inc.*(a)		296		25,355
Horizon Therapeutics plc*(a)		360		27,965
				53,320
Professional Services - 1.3%
CoreLogic, Inc.(a)		396		26,798
CoStar Group, Inc.*(a)		32		27,152
IHS Markit Ltd.(a)		328		25,751
				79,701
Road & Rail - 1.5%
JB Hunt Transport Services, Inc.(a)		184		23,254
Kansas City Southern(a)		144		26,040
Knight-Swift Transportation Holdings, Inc.(a)		564		22,955
Old Dominion Freight Line, Inc.(a)		132		23,881
				96,130
Semiconductors & Semiconductor Equipment - 4.1%
Advanced Micro Devices, Inc.*(a)		304		24,925
Applied Materials, Inc.(a)		412		24,493
Entegris, Inc.(a)		376		27,952
KLA Corp.(a)		124		24,024
Lam Research Corp.(a)		76		25,213
Monolithic Power Systems, Inc.(a)		96		26,843
NVIDIA Corp.(a)		52		28,143
Qorvo, Inc.*(a)		200		25,802
Skyworks Solutions, Inc.(a)		184		26,772
Teradyne, Inc.(a)		292		23,202
				257,369
Software - 6.0%
Avalara, Inc.*(a)		204		25,977
Ceridian HCM Holding, Inc.*(a)		344		28,432
Coupa Software, Inc.*(a)		80		21,939
DocuSign, Inc.*(a)		124		26,690
Fortinet, Inc.*(a)		188		22,148
NortonLifeLock, Inc.(a)		1,084		22,590
Nuance Communications, Inc.*(a)		872		28,942
Pegasystems, Inc.(a)		200		24,208
RingCentral, Inc., Class A*(a)		96		26,362
ServiceNow, Inc.*(a)		52		25,220
Synopsys, Inc.*(a)		120		25,678
Trade Desk, Inc. (The), Class A*(a)		56		29,052
Zoom Video Communications, Inc., Class A*		88		41,370
Zscaler, Inc.*		188		26,450
				375,058
Specialty Retail - 2.5%
Best Buy Co., Inc.(a)		232		25,819
Carvana Co.*(a)		128		28,551
Floor & Decor Holdings, Inc., Class A*(a)		356		26,629
Lithia Motors, Inc., Class A(a)		104		23,706
Murphy USA, Inc.*(a)		192		24,628
Williams-Sonoma, Inc.(a)		264		23,876
				153,209
Technology Hardware, Storage & Peripherals - 0.4%
Apple, Inc.(a)		208		24,088
Textiles, Apparel & Luxury Goods - 0.8%
Deckers Outdoor Corp.*(a)		124		27,281
Lululemon Athletica, Inc.*(a)		68		22,397
				49,678
Trading Companies & Distributors - 1.6%
Fastenal Co.(a)		544		24,529
SiteOne Landscape Supply, Inc.*(a)		212		25,853
United Rentals, Inc.*(a)		148		25,826
Watsco, Inc.(a)		108		25,152
				101,360

AGF Investments Trust

AGFiQ U.S. Market Neutral Momentum Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Water Utilities - 0.8%
American Water Works Co., Inc.(a)		188			27,237
Essential Utilities, Inc.		608			24,472
					51,709
Wireless Telecommunication Services - 0.4%
T-Mobile US, Inc.*(a)		224			25,617
TOTAL COMMON STOCKS (Cost $4,247,889)					5,182,327
TOTAL LONG POSITIONS  (Cost $4,247,889)					5,182,327
SHORT POSITIONS - (85.2)%
COMMON STOCKS - (85.2)%
Aerospace & Defense - (2.5)%
Boeing Co. (The)		(160	)		(26,442	)
HEICO Corp.		(256	)		(26,793	)
Hexcel Corp.		(696	)		(23,351	)
Howmet Aerospace, Inc.		(1,592	)		(26,618	)
Spirit AeroSystems Holdings, Inc., Class A		(1,344	)		(25,415	)
Textron, Inc.		(704	)		(25,407	)
					(154,026	)
Airlines - (2.7)%
Alaska Air Group, Inc.		(744	)		(27,253	)
American Airlines Group, Inc.		(2,140	)		(26,301	)
Delta Air Lines, Inc.		(912	)		(27,889	)
JetBlue Airways Corp.*		(2,456	)		(27,826	)
Southwest Airlines Co.		(752	)		(28,200	)
United Airlines Holdings, Inc.*		(800	)		(27,800	)
					(165,269	)
Auto Components - (0.3)%
Goodyear Tire & Rubber Co. (The)		(2,792	)		(21,415	)
Automobiles - (0.4)%
Ford Motor Co.		(4,012	)		(26,720	)
Banks - (6.1)%
Associated Banc-Corp.		(1,972	)		(24,887	)
BankUnited, Inc.		(1,112	)		(24,364	)
CIT Group, Inc.		(1,392	)		(24,652	)
Comerica, Inc.		(696	)		(26,622	)
First Horizon National Corp.		(2,876	)		(27,121	)
Hancock Whitney Corp.		(1,396	)		(26,259	)
M&T Bank Corp.		(260	)		(23,943	)
PacWest Bancorp		(1,444	)		(24,663	)
Sterling Bancorp		(2,236	)		(23,523	)
Synovus Financial Corp.		(1,268	)		(26,844	)
TCF Financial Corp.		(1,032	)		(24,107	)
Umpqua Holdings Corp.		(2,416	)		(25,658	)
Webster Financial Corp.		(960	)		(25,354	)
Wells Fargo & Co.		(1,140	)		(26,801	)
Wintrust Financial Corp.		(644	)		(25,792	)
					(380,590	)
Beverages - (0.9)%
Constellation Brands, Inc., Class A		(152	)		(28,805	)
Molson Coors Beverage Co., Class B		(732	)		(24,566	)
					(53,371	)
Biotechnology - (4.3)%
Agios Pharmaceuticals, Inc.*		(708	)		(24,780	)
Alexion Pharmaceuticals, Inc.*		(264	)		(30,209	)
Alkermes plc*		(1,724	)		(28,567	)
Bluebird Bio, Inc.*		(484	)		(26,112	)
Blueprint Medicines Corp.*		(372	)		(34,484	)
Exact Sciences Corp.*		(360	)		(36,702	)
FibroGen, Inc.*		(660	)		(27,139	)
Ionis Pharmaceuticals, Inc.*		(524	)		(24,864	)
Sage Therapeutics, Inc.*		(580	)		(35,450	)
					(268,307	)
Building Products - (0.4)%
Armstrong World Industries, Inc.		(368	)		(25,322	)
Capital Markets - (0.5)%
Invesco Ltd.		(2,588	)		(29,529	)
Chemicals - (3.3)%
Axalta Coating Systems Ltd.*		(1,148	)		(25,451	)
CF Industries Holdings, Inc.		(816	)		(25,059	)
DuPont de Nemours, Inc.		(480	)		(26,631	)
Ingevity Corp.*		(480	)		(23,731	)
Mosaic Co. (The)		(1,480	)		(27,040	)
NewMarket Corp.		(72	)		(24,647	)
Olin Corp.		(2,284	)		(28,276	)
W R Grace & Co.		(652	)		(26,269	)
					(207,104	)
Commercial Services & Supplies - (0.4)%
Deluxe Corp.		(940	)		(24,186	)
Communications Equipment - (2.0)%
Arista Networks, Inc.*		(120	)		(24,832	)
Cisco Systems, Inc.		(648	)		(25,525	)
CommScope Holding Co., Inc.*		(2,712	)		(24,408	)
Motorola Solutions, Inc.		(180	)		(28,226	)
ViaSat, Inc.*		(660	)		(22,697	)
					(125,688	)
Construction & Engineering - (0.8)%
Fluor Corp.		(2,892	)		(25,479	)
MasTec, Inc.*		(600	)		(25,320	)
					(50,799	)
Construction Materials - (0.5)%
Martin Marietta Materials, Inc.		(132	)		(31,068	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Momentum Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Consumer Finance - (1.9)%
Ally Financial, Inc.		(1,228	)		(30,786	)
Discover Financial Services		(532	)		(30,739	)
FirstCash, Inc.		(448	)		(25,630	)
Synchrony Financial		(1,120	)		(29,310	)
					(116,465	)
Diversified Consumer Services - (1.3)%
Grand Canyon Education, Inc.*		(300	)		(23,982	)
H&R Block, Inc.		(1,920	)		(31,277	)
ServiceMaster Global Holdings, Inc.*		(688	)		(27,437	)
					(82,696	)
Diversified Telecommunication Services - (0.4)%
Liberty Latin America Ltd., Class C*		(2,876	)		(23,411	)
Electric Utilities - (2.2)%
ALLETE, Inc.		(516	)		(26,698	)
Edison International		(536	)		(27,250	)
FirstEnergy Corp.		(976	)		(28,021	)
OGE Energy Corp.		(876	)		(26,271	)
Portland General Electric Co.		(736	)		(26,128	)
					(134,368	)
Electrical Equipment - (0.4)%
Acuity Brands, Inc.		(248	)		(25,383	)
Electronic Equipment, Instruments & Components - (1.7)%
Avnet, Inc.		(1,020	)		(26,357	)
Coherent, Inc.*		(244	)		(27,067	)
FLIR Systems, Inc.		(760	)		(27,246	)
National Instruments Corp.		(760	)		(27,132	)
					(107,802	)
Energy Equipment & Services - (0.8)%
Helmerich & Payne, Inc.		(1,652	)		(24,202	)
TechnipFMC plc		(3,760	)		(23,725	)
					(47,927	)
Entertainment - (1.2)%
Cinemark Holdings, Inc.		(2,084	)		(20,840	)
Live Nation Entertainment, Inc.*		(520	)		(28,018	)
World Wrestling Entertainment, Inc., Class A		(596	)		(24,120	)
					(72,978	)
Equity Real Estate Investment Trusts (REITs) - (6.8)%
Apple Hospitality REIT, Inc.		(2,724	)		(26,178	)
EPR Properties		(868	)		(23,870	)
Federal Realty Investment Trust		(344	)		(25,263	)
Kimco Realty Corp.		(2,364	)		(26,619	)
Paramount Group, Inc.		(3,684	)		(26,083	)
Park Hotels & Resorts, Inc.		(3,004	)		(30,010	)
Pebblebrook Hotel Trust		(2,192	)		(27,466	)
Regency Centers Corp.		(684	)		(26,006	)
RLJ Lodging Trust		(2,920	)		(25,287	)
Service Properties Trust		(3,356	)		(26,680	)
Simon Property Group, Inc.		(412	)		(26,648	)
SL Green Realty Corp.		(580	)		(26,894	)
Sunstone Hotel Investors, Inc.		(3,416	)		(27,123	)
Ventas, Inc.		(676	)		(28,365	)
Vornado Realty Trust		(752	)		(25,350	)
Welltower, Inc.		(492	)		(27,104	)
					(424,946	)
Food & Staples Retailing - (1.8)%
Performance Food Group Co.*		(828	)		(28,665	)
Sysco Corp.		(476	)		(29,617	)
US Foods Holding Corp.*		(1,204	)		(26,753	)
Walgreens Boots Alliance, Inc.		(708	)		(25,431	)
					(110,466	)
Food Products - (1.7)%
Bunge Ltd.		(588	)		(26,872	)
Post Holdings, Inc.*		(316	)		(27,176	)
TreeHouse Foods, Inc.*		(636	)		(25,777	)
Tyson Foods, Inc., Class A		(432	)		(25,695	)
					(105,520	)
Gas Utilities - (1.6)%
New Jersey Resources Corp.		(912	)		(24,642	)
South Jersey Industries, Inc.		(1,240	)		(23,895	)
Spire, Inc.		(476	)		(25,323	)
UGI Corp.		(820	)		(27,044	)
					(100,904	)
Health Care Equipment & Supplies - (3.5)%
Cooper Cos., Inc. (The)		(88	)		(29,667	)
DENTSPLY SIRONA, Inc.		(628	)		(27,462	)
Haemonetics Corp.*		(316	)		(27,571	)
Hill-Rom Holdings, Inc.		(292	)		(24,385	)
Integra LifeSciences Holdings Corp.*		(584	)		(27,576	)
LivaNova plc*		(596	)		(26,945	)
NuVasive, Inc.*		(536	)		(26,034	)
Stryker Corp.		(144	)		(30,005	)
					(219,645	)
Health Care Providers & Services - (1.2)%
HealthEquity, Inc.*		(508	)		(26,096	)
MEDNAX, Inc.*		(1,488	)		(24,225	)
Universal Health Services, Inc., Class B		(252	)		(26,969	)
					(77,290	)
Hotels, Restaurants & Leisure - (3.2)%
Aramark		(1,100	)		(29,095	)
Carnival Corp.		(1,792	)		(27,202	)
Darden Restaurants, Inc.		(332	)		(33,446	)
Norwegian Cruise Line Holdings Ltd.*		(1,792	)		(30,661	)
Royal Caribbean Cruises Ltd.		(436	)		(28,222	)
Six Flags Entertainment Corp.		(1,336	)		(27,121	)
Wynn Resorts Ltd.		(327	)		(23,482	)
					(199,229	)
Household Durables - (0.5)%
Mohawk Industries, Inc.*		(300	)		(29,277	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Momentum Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Industrial Conglomerates - (0.4)%
General Electric Co.		(4,200	)		(26,166	)
Insurance - (2.5)%
American Financial Group, Inc.		(412	)		(27,596	)
American International Group, Inc.		(908	)		(24,997	)
Cincinnati Financial Corp.		(348	)		(27,133	)
Lincoln National Corp.		(760	)		(23,811	)
Reinsurance Group of America, Inc.		(304	)		(28,938	)
Unum Group		(1,488	)		(25,043	)
					(157,518	)
Interactive Media & Services - (0.4)%
TripAdvisor, Inc.		(1,192	)		(23,351	)
Internet & Direct Marketing Retail - (0.4)%
Expedia Group, Inc.		(288	)		(26,407	)
IT Services - (3.3)%
Alliance Data Systems Corp.		(608	)		(25,524	)
Automatic Data Processing, Inc.		(196	)		(27,340	)
DXC Technology Co.		(1,408	)		(25,133	)
Euronet Worldwide, Inc.*		(264	)		(24,050	)
FleetCor Technologies, Inc.*		(112	)		(26,667	)
Perspecta, Inc.		(1,296	)		(25,207	)
Sabre Corp.		(3,872	)		(25,207	)
WEX, Inc.*		(172	)		(23,903	)
					(203,031	)
Leisure Products - (0.5)%
Hasbro, Inc.		(344	)		(28,456	)
Machinery - (1.6)%
Crane Co.		(472	)		(23,661	)
Flowserve Corp.		(928	)		(25,325	)
Middleby Corp. (The)*		(288	)		(25,837	)
Woodward, Inc.		(328	)		(26,292	)
					(101,115	)
Marine - (0.4)%
Kirby Corp.*		(636	)		(23,004	)
Media - (1.7)%
Discovery, Inc., Class C*		(1,332	)		(26,107	)
Omnicom Group, Inc.		(508	)		(25,146	)
TEGNA, Inc.		(2,152	)		(25,286	)
ViacomCBS, Inc.		(980	)		(27,450	)
					(103,989	)
Metals & Mining - (0.7)%
Alcoa Corp.*		(1,816	)		(21,120	)
United States Steel Corp.		(3,476	)		(25,514	)
					(46,634	)
Mortgage Real Estate Investment Trusts (REITs) - (0.9)%
Chimera Investment Corp.		(3,056	)		(25,059	)
New Residential Investment Corp.		(3,536	)		(28,111	)
					(53,170	)
Multiline Retail - (0.7)%
Kohl's Corp.		(1,320	)		(24,459	)
Nordstrom, Inc.		(1,864	)		(22,219	)
					(46,678	)
Multi-Utilities - (0.4)%
CenterPoint Energy, Inc.		(1,392	)		(26,935	)
Oil, Gas & Consumable Fuels - (1.8)%
Diamondback Energy, Inc.		(696	)		(20,964	)
Marathon Oil Corp.		(5,036	)		(20,597	)
Occidental Petroleum Corp.		(2,108	)		(21,101	)
ONEOK, Inc.		(1,032	)		(26,811	)
Ovintiv, Inc.		(2,436	)		(19,878	)
					(109,351	)
Pharmaceuticals - (1.3)%
Elanco Animal Health, Inc.*		(972	)		(27,148	)
Jazz Pharmaceuticals plc*		(220	)		(31,370	)
Mylan NV*		(1,676	)		(24,855	)
					(83,373	)
Professional Services - (0.8)%
Insperity, Inc.		(404	)		(26,458	)
Nielsen Holdings plc		(1,804	)		(25,581	)
					(52,039	)
Real Estate Management & Development - (0.4)%
Howard Hughes Corp. (The)*		(476	)		(27,418	)
Road & Rail - (0.9)%
Lyft, Inc., Class A*		(928	)		(25,567	)
Ryder System, Inc.		(664	)		(28,047	)
					(53,614	)
Semiconductors & Semiconductor Equipment - (0.9)%
Universal Display Corp.		(152	)		(27,473	)
Xilinx, Inc.		(260	)		(27,102	)
					(54,575	)
Software - (3.0)%
Alteryx, Inc., Class A*		(228	)		(25,889	)
Anaplan, Inc.*		(472	)		(29,538	)
Blackbaud, Inc.		(424	)		(23,672	)
J2 Global, Inc.*		(368	)		(25,473	)
Teradata Corp.*		(1,112	)		(25,242	)
Verint Systems, Inc.*		(608	)		(29,293	)
VMware, Inc., Class A*		(192	)		(27,585	)
					(186,692	)
Specialty Retail - (1.5)%
American Eagle Outfitters, Inc.		(2,400	)		(35,544	)
Foot Locker, Inc.		(940	)		(31,048	)
Ulta Beauty, Inc.*		(124	)		(27,774	)
					(94,366	)
Technology Hardware, Storage & Peripherals - (2.7)%
Hewlett Packard Enterprise Co.		(2,900	)		(27,173	)
HP, Inc.		(1,492	)		(28,333	)
NCR Corp.*		(1,332	)		(29,491	)
NetApp, Inc.		(624	)		(27,356	)
Western Digital Corp.		(800	)		(29,240	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Momentum Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Xerox Holdings Corp.		(1,456	)		(27,329	)
					(168,922	)
Textiles, Apparel & Luxury Goods - (1.9)%
Capri Holdings Ltd.*		(1,704	)		(30,672	)
PVH Corp.		(516	)		(30,774	)
Tapestry, Inc.		(1,844	)		(28,822	)
Under Armour, Inc., Class A*		(2,768	)		(31,085	)
					(121,353	)
Thrifts & Mortgage Finance - (0.4)%
MGIC Investment Corp.		(3,104	)		(27,501	)
Trading Companies & Distributors - (0.4)%
Air Lease Corp.		(916	)		(26,949	)
TOTAL COMMON STOCKS (Proceeds $(5,405,155))					(5,314,308	)
TOTAL SHORT POSITIONS  (Proceeds $(5,405,155))					(5,314,308	)
Total Investments - (2.1)%  (Cost $(1,157,266))					(131,981	)
Other assets less liabilities - 102.1%					6,371,515
Net Assets - 100.0%					6,239,534

*	Non-income producing security.
(a)	All or a portion of this security is segregated in connection with obligations for securities sold short with a total value of $4,927,460.

OTC Total return swap contracts outstanding as of September 30, 2020    

Notional Amount

Termination Date(1)

Counterparty

Rate Paid (Received)(2)

Payment Frequency

Underlying Instrument(3)

Value and Unrealized Appreciation/ (Depreciation) ($)

USD

562,169

9/30/2021

Morgan Stanley

0.65

%

Monthly

Dow Jones U.S. High Momentum Total Return Index(4)

209,499

USD

(388,677

)

9/30/2021

Morgan Stanley

(0.25

)%

Monthly

Dow Jones U.S. Low Momentum Total Return Index(5)

(62,586

)

146,913

(1)	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
(2)	Reflects the floating financing rate, as of September 30, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. Payments may be made at the conclusion of the agreement or periodically during its term.
(3)	The 50 largest components of the referenced underlying Swap Index can be found at https://www.agf.com/us/resources
(4)	The Dow Jones U.S. High Momentum Total Return Index (DJTLMOT) is designed to measure the performance of 200 companies ranked as having the highest momentum. Momentum is calculated by ranking stocks by their 12-month historical total return, starting one month prior to reconstitution. Dividends are reinvested.
(5)	The Dow Jones U.S. Low Momentum Total Return Index (DJTSMOT) is designed to measure the performance of 200 companies ranked as having the lowest momentum. Momentum is calculated by ranking stocks by their 12-month historical total return, starting one month prior to reconstitution. Dividends are reinvested.

Abbreviations

USD US Dollar

AGF Investments Trust

AGFiQ U.S. Market Neutral Value Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
LONG POSITIONS - 89.6%
COMMON STOCKS - 89.5%
Aerospace & Defense - 1.3%
Huntington Ingalls Industries, Inc.(a)		20		2,815
Raytheon Technologies Corp.(a)		51		2,935
Textron, Inc.(a)		79		2,851
				8,601
Auto Components - 1.6%
BorgWarner, Inc.(a)		74		2,867
Dana, Inc.(a)		221		2,723
Goodyear Tire & Rubber Co. (The)(a)		313		2,400
Lear Corp.(a)		26		2,835
				10,825
Automobiles - 1.3%
Ford Motor Co.(a)		449		2,990
General Motors Co.(a)		104		3,078
Harley-Davidson, Inc.(a)		109		2,675
				8,743
Banks - 3.1%
First Horizon National Corp.(a)		355		3,347
FNB Corp.(a)		450		3,051
Hancock Whitney Corp.(a)		154		2,897
Pinnacle Financial Partners, Inc.(a)		83		2,954
Popular, Inc.(a)		85		3,083
Sterling Bancorp(a)		271		2,851
Valley National Bancorp(a)		421		2,884
				21,067
Beverages - 0.4%
Molson Coors Beverage Co., Class B(a)		89		2,987
Biotechnology - 1.8%
Alexion Pharmaceuticals, Inc.*(a)		29		3,318
Biogen, Inc.*(a)		11		3,121
Gilead Sciences, Inc.(a)		44		2,780
United Therapeutics Corp.*(a)		29		2,929
				12,148
Building Products - 0.4%
Owens Corning(a)		44		3,028
Capital Markets - 0.5%
Invesco Ltd.(a)		290		3,309
Chemicals - 2.4%
Avient Corp.(a)		135		3,572
Eastman Chemical Co.(a)		49		3,828
Element Solutions, Inc.*(a)		283		2,974
LyondellBasell Industries NV, Class A(a)		44		3,102
Mosaic Co. (The)(a)		166		3,033
				16,509
Commercial Services & Supplies - 0.4%
KAR Auction Services, Inc.(a)		173		2,491
Communications Equipment - 1.7%
CommScope Holding Co., Inc.*(a)		329		2,961
F5 Networks, Inc.*(a)		23		2,824
Juniper Networks, Inc.(a)		139		2,988
ViaSat, Inc.*		80		2,751
				11,524
Construction & Engineering - 2.2%
AECOM*(a)		80		3,347
EMCOR Group, Inc.(a)		42		2,844
MasTec, Inc.*(a)		67		2,827
Quanta Services, Inc.(a)		60		3,172
Valmont Industries, Inc.(a)		24		2,980
				15,170
Consumer Finance - 0.9%
Ally Financial, Inc.(a)		137		3,435
Navient Corp.(a)		350		2,957
				6,392
Containers & Packaging - 1.5%
Berry Global Group, Inc.*(a)		59		2,851
International Paper Co.(a)		98		3,973
Westrock Co.		100		3,474
				10,298
Distributors - 0.4%
LKQ Corp.*(a)		96		2,662
Diversified Financial Services - 0.8%
Equitable Holdings, Inc.(a)		145		2,645
Voya Financial, Inc.(a)		59		2,828
				5,473
Diversified Telecommunication Services - 0.9%
AT&T, Inc.(a)		109		3,108
CenturyLink, Inc.(a)		273		2,754
				5,862
Electric Utilities - 0.9%
Exelon Corp.(a)		87		3,111
PPL Corp.(a)		119		3,238
				6,349
Electrical Equipment - 1.3%
Acuity Brands, Inc.(a)		28		2,866
nVent Electric plc(a)		184		3,255
Regal Beloit Corp.(a)		31		2,910
				9,031
Electronic Equipment, Instruments & Components - 2.8%
Arrow Electronics, Inc.*(a)		40		3,146
Avnet, Inc.(a)		124		3,204
Corning, Inc.(a)		93		3,014

AGF Investments Trust

AGFiQ U.S. Market Neutral Value Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
Jabil, Inc.(a)		89		3,049
SYNNEX Corp.(a)		24		3,362
Vishay Intertechnology, Inc.		207		3,223
				18,998
Energy Equipment & Services - 0.4%
TechnipFMC plc(a)		456		2,877
Equity Real Estate Investment Trusts (REITs) - 6.8%
Brixmor Property Group, Inc.(a)		296		3,460
Corporate Office Properties Trust(a)		123		2,918
EPR Properties(a)		105		2,887
Kimco Realty Corp.(a)		296		3,333
National Health Investors, Inc.(a)		50		3,013
National Retail Properties, Inc.(a)		87		3,002
Omega Healthcare Investors, Inc.(a)		101		3,024
Paramount Group, Inc.(a)		428		3,030
Sabra Health Care REIT, Inc.(a)		209		2,881
Simon Property Group, Inc.(a)		46		2,975
Spirit Realty Capital, Inc.(a)		86		2,903
STORE Capital Corp.(a)		116		3,182
Sunstone Hotel Investors, Inc.(a)		382		3,033
VICI Properties, Inc.(a)		134		3,132
Weingarten Realty Investors		185		3,138
				45,911
Food & Staples Retailing - 0.8%
Kroger Co. (The)(a)		84		2,848
Walgreens Boots Alliance, Inc.		80		2,874
				5,722
Food Products - 2.5%
Conagra Brands, Inc.(a)		79		2,821
Ingredion, Inc.(a)		40		3,027
J M Smucker Co. (The)(a)		25		2,888
Kraft Heinz Co. (The)(a)		87		2,606
TreeHouse Foods, Inc.*(a)		63		2,553
Tyson Foods, Inc., Class A(a)		55		3,272
				17,167
Gas Utilities - 1.8%
National Fuel Gas Co.(a)		69		2,801
Southwest Gas Holdings, Inc.(a)		49		3,092
Spire, Inc.(a)		53		2,819
UGI Corp.(a)		107		3,529
				12,241
Health Care Providers & Services - 6.9%
Acadia Healthcare Co., Inc.*(a)		118		3,479
AmerisourceBergen Corp.(a)		35		3,392
Anthem, Inc.(a)		12		3,223
Cardinal Health, Inc.(a)		61		2,864
Centene Corp.*(a)		50		2,916
Cigna Corp.(a)		17		2,880
CVS Health Corp.(a)		51		2,978
DaVita, Inc.*(a)		35		2,998
HCA Healthcare, Inc.(a)		23		2,868
Laboratory Corp. of America Holdings*(a)		19		3,577
McKesson Corp.(a)		21		3,128
MEDNAX, Inc.*(a)		166		2,702
Premier, Inc., Class A(a)		96		3,152
Quest Diagnostics, Inc.(a)		29		3,320
Universal Health Services, Inc., Class B(a)		32		3,425
				46,902
Household Durables - 2.0%
Lennar Corp., Class A(a)		40		3,267
Mohawk Industries, Inc.*(a)		37		3,611
Newell Brands, Inc.(a)		192		3,295
PulteGroup, Inc.(a)		66		3,055
				13,228
Household Products - 0.4%
Spectrum Brands Holdings, Inc.(a)		52		2,972
Independent Power and Renewable Electricity Producers - 0.5%
Vistra Corp.		164		3,093
Insurance - 4.8%
American International Group, Inc.(a)		110		3,028
Assured Guaranty Ltd.(a)		129		2,771
Athene Holding Ltd., Class A*(a)		83		2,829
Brighthouse Financial, Inc.*(a)		112		3,014
CNO Financial Group, Inc.(a)		186		2,983
Lincoln National Corp.(a)		88		2,757
MetLife, Inc.(a)		93		3,457
Principal Financial Group, Inc.(a)		70		2,819
Prudential Financial, Inc.(a)		45		2,858
Reinsurance Group of America, Inc.(a)		37		3,522
Unum Group(a)		167		2,811
				32,849
Internet & Direct Marketing Retail - 0.3%
Qurate Retail, Inc., Series A(a)		287		2,061
IT Services - 4.4%
Alliance Data Systems Corp.(a)		71		2,981
Amdocs Ltd.(a)		54		3,100
CACI International, Inc., Class A*(a)		13		2,771
Cognizant Technology Solutions Corp., Class A(a)		45		3,124
DXC Technology Co.(a)		157		2,802
International Business Machines Corp.(a)		27		3,285
KBR, Inc.(a)		144		3,220
Perspecta, Inc.(a)		151		2,937

AGF Investments Trust

AGFiQ U.S. Market Neutral Value Fund

Schedule of Investments

September 30, 2020 (Unaudited) 

Investments	Shares		Value ($)
Science Applications International Corp.(a)		38		2,980
WEX, Inc.*		19		2,640
				29,840
Machinery - 2.3%
AGCO Corp.(a)		43		3,194
Allison Transmission Holdings, Inc.(a)		89		3,127
Crane Co.(a)		61		3,058
Oshkosh Corp.(a)		47		3,455
Timken Co. (The)(a)		56		3,036
				15,870
Marine - 0.4%
Kirby Corp.*(a)		65		2,351
Media - 2.7%
Discovery, Inc., Class C*(a)		171		3,351
DISH Network Corp., Class A*(a)		89		2,584
Interpublic Group of Cos., Inc. (The)(a)		197		3,284
Nexstar Media Group, Inc., Class A(a)		33		2,968
TEGNA, Inc.(a)		241		2,832
ViacomCBS, Inc.(a)		110		3,081
				18,100
Metals & Mining - 1.3%
Commercial Metals Co.(a)		145		2,897
Reliance Steel & Aluminum Co.(a)		29		2,959
Steel Dynamics, Inc.(a)		103		2,949
				8,805
Mortgage Real Estate Investment Trusts (REITs) - 1.4%
AGNC Investment Corp.(a)		218		3,032
Annaly Capital Management, Inc.(a)		418		2,976
New Residential Investment Corp.(a)		462		3,673
				9,681
Multiline Retail - 0.5%
Kohl's Corp.(a)		173		3,206
Multi-Utilities - 1.4%
Black Hills Corp.(a)		57		3,049
MDU Resources Group, Inc.(a)		153		3,442
NorthWestern Corp.(a)		59		2,870
				9,361
Oil, Gas & Consumable Fuels - 2.3%
Concho Resources, Inc.(a)		60		2,647
Diamondback Energy, Inc.(a)		79		2,379
Equitrans Midstream Corp.(a)		292		2,470
Kinder Morgan, Inc.(a)		215		2,651
ONEOK, Inc.(a)		115		2,988
Parsley Energy, Inc., Class A(a)		280		2,621
				15,756
Pharmaceuticals - 1.9%
Bristol-Myers Squibb Co.(a)		55		3,316
Jazz Pharmaceuticals plc*(a)		28		3,993
Mylan NV*(a)		188		2,788
Perrigo Co. plc(a)		62		2,846
				12,943
Professional Services - 1.3%
ASGN, Inc.*(a)		43		2,733
ManpowerGroup, Inc.(a)		48		3,520
Nielsen Holdings plc(a)		202		2,864
				9,117
Real Estate Management & Development - 0.9%
CBRE Group, Inc., Class A*(a)		65		3,053
Jones Lang LaSalle, Inc.(a)		33		3,157
				6,210
Road & Rail - 0.4%
Knight-Swift Transportation Holdings, Inc.(a)		66		2,686
Semiconductors & Semiconductor Equipment - 1.3%
Intel Corp.(a)		53		2,745
Micron Technology, Inc.*(a)		71		3,334
ON Semiconductor Corp.*(a)		141		3,058
				9,137
Software - 1.4%
J2 Global, Inc.*(a)		42		2,907
SS&C Technologies Holdings, Inc.(a)		48		2,905
Verint Systems, Inc.*(a)		74		3,566
				9,378
Specialty Retail - 1.9%
Aaron's, Inc.(a)		54		3,059
AutoNation, Inc.*(a)		54		2,858
Foot Locker, Inc.(a)		120		3,964
Lithia Motors, Inc., Class A(a)		12		2,735
				12,616
Technology Hardware, Storage & Peripherals - 3.2%
Apple, Inc.(a)		24		2,779
Dell Technologies, Inc., Class C*(a)		49		3,317
Hewlett Packard Enterprise Co.(a)		352		3,298
NCR Corp.*(a)		149		3,299
Seagate Technology plc(a)		64		3,153
Western Digital Corp.		76		2,778
Xerox Holdings Corp.		163		3,060
				21,684
Textiles, Apparel & Luxury Goods - 2.6%
Capri Holdings Ltd.*(a)		218		3,924
Hanesbrands, Inc.(a)		197		3,103
PVH Corp.(a)		58		3,459
Ralph Lauren Corp.(a)		45		3,059
Tapestry, Inc.(a)		243		3,798
				17,343

AGF Investments Trust

AGFiQ U.S. Market Neutral Value Fund

Schedule of Investments

September 30, 2020 (Unaudited) 

Investments	Shares			Value ($)
Thrifts & Mortgage Finance - 0.9%
MGIC Investment Corp.(a)		347			3,075
Radian Group, Inc.(a)		217			3,170
					6,245
Trading Companies & Distributors - 2.3%
Air Lease Corp.(a)		111			3,266
GATX Corp.(a)		53			3,379
United Rentals, Inc.*(a)		17			2,966
Univar Solutions, Inc.*(a)		168			2,836
WESCO International, Inc.*		65			2,861
					15,308
Transportation Infrastructure - 0.5%
Macquarie Infrastructure Corp.(a)		117			3,146
Wireless Telecommunication Services - 0.4%
Telephone and Data Systems, Inc.(a)		131			2,416
TOTAL COMMON STOCKS (Cost $703,349)					607,689
PREFERRED STOCKS - 0.1%
Internet & Direct Marketing Retail - 0.1%
Qurate Retail, Inc. 8.00% (a) (Cost $719)		8			788
TOTAL LONG POSITIONS  (Cost $704,068)					608,477
SHORT POSITIONS - (91.5)%
COMMON STOCKS - (91.5)%
Aerospace & Defense - (1.9)%
Axon Enterprise, Inc.*		(36	)		(3,265	)
Boeing Co. (The)		(18	)		(2,974	)
HEICO Corp.		(33	)		(3,454	)
TransDigm Group, Inc.		(6	)		(2,851	)
					(12,544	)
Airlines - (0.4)%
American Airlines Group, Inc.		(237	)		(2,913	)
Banks - (0.5)%
First Financial Bankshares, Inc.		(111	)		(3,098	)
Beverages - (1.3)%
Boston Beer Co., Inc. (The), Class A*		(3	)		(2,650	)
Brown-Forman Corp., Class B		(42	)		(3,164	)
Monster Beverage Corp.*		(36	)		(2,887	)
					(8,701	)
Biotechnology - (5.7)%
ACADIA Pharmaceuticals, Inc.*		(68	)		(2,805	)
Agios Pharmaceuticals, Inc.*		(66	)		(2,310	)
Allogene Therapeutics, Inc.*		(87	)		(3,281	)
Alnylam Pharmaceuticals, Inc.*		(25	)		(3,640	)
Exact Sciences Corp.*		(40	)		(4,078	)
FibroGen, Inc.*		(73	)		(3,002	)
Immunomedics, Inc.*		(73	)		(6,207	)
Moderna, Inc.*		(43	)		(3,042	)
Sarepta Therapeutics, Inc.*		(22	)		(3,089	)
Seattle Genetics, Inc.*		(22	)		(4,305	)
Ultragenyx Pharmaceutical, Inc.*		(36	)		(2,959	)
					(38,718	)
Building Products - (1.4)%
Allegion plc		(34	)		(3,363	)
Lennox International, Inc.		(11	)		(2,999	)
Trex Co., Inc.*		(40	)		(2,864	)
					(9,226	)
Capital Markets - (7.0)%
Blackstone Group, Inc. (The), Class A		(59	)		(3,080	)
Cboe Global Markets, Inc.		(32	)		(2,808	)
CME Group, Inc.		(18	)		(3,012	)
Evercore, Inc., Class A		(48	)		(3,142	)
FactSet Research Systems, Inc.		(9	)		(3,014	)
Interactive Brokers Group, Inc., Class A		(58	)		(2,803	)
Intercontinental Exchange, Inc.		(29	)		(2,901	)
Lazard Ltd., Class A		(97	)		(3,206	)
LPL Financial Holdings, Inc.		(37	)		(2,837	)
MarketAxess Holdings, Inc.		(7	)		(3,371	)
Moody's Corp.		(10	)		(2,898	)
MSCI, Inc.		(8	)		(2,854	)
Nasdaq, Inc.		(23	)		(2,822	)
S&P Global, Inc.		(8	)		(2,885	)
SEI Investments Co.		(62	)		(3,145	)
Tradeweb Markets, Inc., Class A		(51	)		(2,958	)
					(47,736	)
Chemicals - (3.0)%
Air Products and Chemicals, Inc.		(10	)		(2,979	)
Ecolab, Inc.		(16	)		(3,197	)
FMC Corp.		(28	)		(2,966	)
Linde plc		(12	)		(2,858	)
RPM International, Inc.		(35	)		(2,899	)
Scotts Miracle-Gro Co. (The)		(19	)		(2,905	)
Sherwin-Williams Co. (The)		(4	)		(2,787	)
					(20,591	)
Commercial Services & Supplies - (2.4)%
Cintas Corp.		(9	)		(2,995	)
Copart, Inc.*		(30	)		(3,155	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Value Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
IAA, Inc.*		(60	)		(3,124	)
MSA Safety, Inc.		(28	)		(3,757	)
Rollins, Inc.		(54	)		(2,926	)
					(15,957	)
Construction Materials - (0.5)%
Vulcan Materials Co.		(25	)		(3,388	)
Consumer Finance - (2.2)%
American Express Co.		(35	)		(3,509	)
Credit Acceptance Corp.*		(7	)		(2,371	)
FirstCash, Inc.		(49	)		(2,803	)
Green Dot Corp., Class A*		(58	)		(2,935	)
LendingTree, Inc.*		(10	)		(3,069	)
					(14,687	)
Containers & Packaging - (1.0)%
AptarGroup, Inc.		(30	)		(3,396	)
Ball Corp.		(38	)		(3,159	)
					(6,555	)
Distributors - (0.4)%
Pool Corp.		(9	)		(3,011	)
Diversified Consumer Services - (1.0)%
Bright Horizons Family Solutions, Inc.*		(24	)		(3,649	)
Chegg, Inc.*		(40	)		(2,858	)
					(6,507	)
Electric Utilities - (2.4)%
Alliant Energy Corp.		(56	)		(2,892	)
Edison International		(57	)		(2,898	)
Eversource Energy		(40	)		(3,342	)
NextEra Energy, Inc.		(13	)		(3,608	)
Xcel Energy, Inc.		(51	)		(3,520	)
					(16,260	)
Electrical Equipment - (0.9)%
Generac Holdings, Inc.*		(16	)		(3,098	)
Rockwell Automation, Inc.		(15	)		(3,310	)
					(6,408	)
Energy Equipment & Services - (0.3)%
Halliburton Co.		(192	)		(2,314	)
Entertainment - (1.8)%
Live Nation Entertainment, Inc.*		(58	)		(3,125	)
Madison Square Garden Sports Corp.*		(19	)		(2,859	)
Netflix, Inc.*		(6	)		(3,000	)
Roku, Inc.*		(18	)		(3,399	)
					(12,383	)
Equity Real Estate Investment Trusts (REITs) - (7.7)%
American Tower Corp.		(13	)		(3,142	)
Americold Realty Trust		(94	)		(3,360	)
CoreSite Realty Corp.		(27	)		(3,210	)
Crown Castle International Corp.		(20	)		(3,330	)
CyrusOne, Inc.		(37	)		(2,591	)
Digital Realty Trust, Inc.		(23	)		(3,375	)
Duke Realty Corp.		(78	)		(2,878	)
EastGroup Properties, Inc.		(22	)		(2,845	)
Equinix, Inc.		(4	)		(3,041	)
Equity LifeStyle Properties, Inc.		(53	)		(3,249	)
Extra Space Storage, Inc.		(29	)		(3,103	)
Prologis, Inc.		(30	)		(3,019	)
Rexford Industrial Realty, Inc.		(64	)		(2,929	)
SBA Communications Corp.		(11	)		(3,503	)
Sun Communities, Inc.		(24	)		(3,375	)
Taubman Centers, Inc.		(82	)		(2,730	)
UDR, Inc.		(88	)		(2,870	)
					(52,550	)
Food & Staples Retailing - (1.0)%
Costco Wholesale Corp.		(9	)		(3,195	)
Sysco Corp.		(53	)		(3,298	)
					(6,493	)
Food Products - (0.4)%
McCormick & Co., Inc. (Non-Voting)		(15	)		(2,911	)
Health Care Equipment & Supplies - (2.6)%
ABIOMED, Inc.*		(10	)		(2,770	)
DexCom, Inc.*		(7	)		(2,886	)
IDEXX Laboratories, Inc.*		(8	)		(3,145	)
Insulet Corp.*		(14	)		(3,312	)
Penumbra, Inc.*		(13	)		(2,527	)
West Pharmaceutical Services, Inc.		(11	)		(3,024	)
					(17,664	)
Health Care Providers & Services - (0.6)%
Guardant Health, Inc.*		(38	)		(4,248	)
Health Care Technology - (0.9)%
Teladoc Health, Inc.*		(14	)		(3,069	)
Veeva Systems, Inc., Class A*		(11	)		(3,093	)
					(6,162	)
Hotels, Restaurants & Leisure - (4.5)%
Chipotle Mexican Grill, Inc.*		(2	)		(2,487	)
Choice Hotels International, Inc.		(32	)		(2,751	)
Churchill Downs, Inc.		(18	)		(2,949	)
Domino's Pizza, Inc.		(7	)		(2,977	)
Las Vegas Sands Corp.		(71	)		(3,313	)
McDonald's Corp.		(14	)		(3,073	)
Planet Fitness, Inc., Class A*		(51	)		(3,143	)
Starbucks Corp.		(43	)		(3,694	)
Wynn Resorts Ltd.		(41	)		(2,944	)
Yum! Brands, Inc.		(37	)		(3,378	)
					(30,709	)
Household Products - (1.5)%
Church & Dwight Co., Inc.		(32	)		(2,999	)
Clorox Co. (The)		(16	)		(3,362	)
Colgate-Palmolive Co.		(46	)		(3,549	)
					(9,910	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Value Fund

Schedule of Investments

September 30, 2020 (Unaudited) 

Investments	Shares			Value ($)
Industrial Conglomerates - (0.4)%
Roper Technologies, Inc.		(7	)		(2,766	)
Insurance - (2.8)%
Aon plc, Class A		(17	)		(3,507	)
Arthur J Gallagher & Co.		(29	)		(3,062	)
Brown & Brown, Inc.		(66	)		(2,988	)
Erie Indemnity Co., Class A		(15	)		(3,154	)
Marsh & McLennan Cos., Inc.		(32	)		(3,671	)
RLI Corp.		(32	)		(2,679	)
					(19,061	)
Interactive Media & Services - (2.0)%
Match Group, Inc.*		(25	)		(2,766	)
Pinterest, Inc., Class A*		(88	)		(3,653	)
Snap, Inc., Class A*		(142	)		(3,708	)
Zillow Group, Inc., Class C*		(36	)		(3,657	)
					(13,784	)
Internet & Direct Marketing Retail - (2.1)%
Amazon.com, Inc.*		(1	)		(3,149	)
Chewy, Inc., Class A*		(52	)		(2,851	)
Etsy, Inc.*		(24	)		(2,919	)
Expedia Group, Inc.		(32	)		(2,934	)
Wayfair, Inc., Class A*		(9	)		(2,619	)
					(14,472	)
IT Services - (2.3)%
Mastercard, Inc., Class A		(9	)		(3,043	)
MongoDB, Inc.*		(15	)		(3,473	)
Okta, Inc.*		(14	)		(2,994	)
Square, Inc., Class A*		(20	)		(3,251	)
VeriSign, Inc.*		(15	)		(3,073	)
					(15,834	)
Leisure Products - (0.5)%
Mattel, Inc.*		(273	)		(3,194	)
Life Sciences Tools & Services - (0.8)%
Illumina, Inc.*		(9	)		(2,782	)
Repligen Corp.*		(20	)		(2,951	)
					(5,733	)
Machinery - (2.4)%
Graco, Inc.		(52	)		(3,190	)
IDEX Corp.		(17	)		(3,101	)
Illinois Tool Works, Inc.		(15	)		(2,898	)
Otis Worldwide Corp.		(47	)		(2,934	)
Toro Co. (The)		(47	)		(3,946	)
					(16,069	)
Media - (0.4)%
New York Times Co. (The), Class A		(70	)		(2,995	)
Metals & Mining - (0.4)%
Royal Gold, Inc.		(25	)		(3,004	)
Multi-Utilities - (1.4)%
CMS Energy Corp.		(51	)		(3,132	)
Sempra Energy		(25	)		(2,959	)
WEC Energy Group, Inc.		(37	)		(3,585	)
					(9,676	)
Oil, Gas & Consumable Fuels - (2.2)%
Apache Corp.		(215	)		(2,036	)
Cheniere Energy, Inc.*		(59	)		(2,730	)
ConocoPhillips		(79	)		(2,594	)
Hess Corp.		(71	)		(2,906	)
Noble Energy, Inc.		(301	)		(2,574	)
Valero Energy Corp.		(50	)		(2,166	)
					(15,006	)
Personal Products - (0.5)%
Estee Lauder Cos., Inc. (The), Class A		(14	)		(3,055	)
Pharmaceuticals - (0.5)%
Zoetis, Inc.		(19	)		(3,142	)
Professional Services - (2.0)%
CoStar Group, Inc.*		(4	)		(3,394	)
Equifax, Inc.		(22	)		(3,452	)
TransUnion		(39	)		(3,281	)
Verisk Analytics, Inc.		(19	)		(3,521	)
					(13,648	)
Road & Rail - (0.9)%
Lyft, Inc., Class A*		(107	)		(2,948	)
Uber Technologies, Inc.*		(94	)		(3,429	)
					(6,377	)
Semiconductors & Semiconductor Equipment - (0.9)%
Advanced Micro Devices, Inc.*		(35	)		(2,870	)
Universal Display Corp.		(17	)		(3,072	)
					(5,942	)
Software - (11.9)%
Adobe, Inc.*		(6	)		(2,943	)
Alteryx, Inc., Class A*		(24	)		(2,725	)
Anaplan, Inc.*		(52	)		(3,254	)
Autodesk, Inc.*		(12	)		(2,772	)
Avalara, Inc.*		(24	)		(3,056	)
Coupa Software, Inc.*		(9	)		(2,468	)
Crowdstrike Holdings, Inc., Class A*		(26	)		(3,570	)
Datadog, Inc., Class A*		(35	)		(3,576	)
DocuSign, Inc.*		(14	)		(3,013	)
Elastic NV*		(27	)		(2,913	)
Fair Isaac Corp.*		(8	)		(3,403	)
HubSpot, Inc.*		(10	)		(2,922	)
Manhattan Associates, Inc.*		(31	)		(2,960	)
New Relic, Inc.*		(51	)		(2,875	)
Nutanix, Inc., Class A*		(140	)		(3,105	)
Paycom Software, Inc.*		(10	)		(3,113	)
Pegasystems, Inc.		(23	)		(2,784	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Value Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
RingCentral, Inc., Class A*		(12	)		(3,295	)
ServiceNow, Inc.*		(6	)		(2,910	)
Smartsheet, Inc., Class A*		(60	)		(2,965	)
Splunk, Inc.*		(14	)		(2,634	)
Trade Desk, Inc. (The), Class A*		(6	)		(3,113	)
Workday, Inc., Class A*		(14	)		(3,012	)
Zendesk, Inc.*		(33	)		(3,397	)
Zoom Video Communications, Inc., Class A*		(10	)		(4,701	)
Zscaler, Inc.*		(22	)		(3,095	)
					(80,574	)
Specialty Retail - (1.0)%
Carvana Co.*		(15	)		(3,346	)
Five Below, Inc.*		(26	)		(3,302	)
					(6,648	)
Textiles, Apparel & Luxury Goods - (0.9)%
Lululemon Athletica, Inc.*		(8	)		(2,635	)
NIKE, Inc., Class B		(27	)		(3,390	)
					(6,025	)
Trading Companies & Distributors - (0.9)%
Fastenal Co.		(63	)		(2,840	)
SiteOne Landscape Supply, Inc.*		(24	)		(2,927	)
					(5,767	)
Water Utilities - (1.0)%
American Water Works Co., Inc.		(26	)		(3,767	)
Essential Utilities, Inc.		(77	)		(3,099	)
					(6,866	)
TOTAL COMMON STOCKS (Proceeds $(467,808))					(621,282	)
TOTAL SHORT POSITIONS  (Proceeds $(467,808))					(621,282	)
Total Investments - (1.9)% (Cost $236,260)					(12,805	)
Other assets less liabilities - 101.9%					691,677
Net Assets - 100.0%					678,872

*	Non-income producing security.
(a)	All or a portion of this security is segregated in connection with obligations for securities sold short with a total value of $578,586.

AGF Investments Trust

AGFiQ U.S. Market Neutral Value Fund

Schedule of Investments

September 30, 2020 (Unaudited) 

OTC Total return swap contracts outstanding as of September 30, 2020
Notional Amount			Termination Date(1)	Counterparty	Rate Paid (Received)(2)			Payment Frequency	Underlying Instrument(3)	Value and Unrealized Appreciation/ (Depreciation) ($)
USD	92,248		9/30/2021	Morgan Stanley		0.55	%	Monthly	Dow Jones U.S. Relative Value Total Return Index(4)		(12,961	)
USD	(67,649	)	9/30/2021	Morgan Stanley		(0.25	)%	Monthly	Dow Jones U.S. Short Relative Value Total Return Index(5)		(16,442	)
											(29,403	)

(1)	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
(2)	Reflects the floating financing rate, as of September 30, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. Payments may be made at the conclusion of the agreement or periodically during its term.
(3)	The 50 largest components of the referenced underlying Swap Index can be found at https://www.agf.com/us/resources
(4)	The Dow Jones U.S. Relative Value Total Return Index (DJTLSVT) is designed to measure the performance of 200 companies ranked as undervalued based on fundamentals. Value is calculated using a ranking process based on book value to price ratio, projected earnings per share to price ratio, and trailing 12-month operating cash flow to price ratio. Dividends are reinvested.
(5)	The Dow Jones U.S. Short Relative Value Total Return Index (DJTSSVT) is designed to measure the performance of 200 companies ranked as overvalued based on fundamentals. Value is calculated using a ranking process based on book value to price ratio, projected earnings per share to price ratio, and trailing 12-month operating cash flow to price ratio. Dividends are reinvested.

Abbreviations

USD US Dollar

AGF Investments Trust

AGFiQ U.S. Market Neutral Anti-Beta Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
LONG POSITIONS - 85.6%
COMMON STOCKS - 85.6%
Aerospace & Defense - 1.7%
L3Harris Technologies, Inc.(a)		5,568		945,669
Lockheed Martin Corp.(a)		2,496		956,667
Mercury Systems, Inc.*		13,440		1,041,063
Northrop Grumman Corp.		2,880		908,611
				3,852,010
Air Freight & Logistics - 1.9%
CH Robinson Worldwide, Inc.(a)		10,368		1,059,506
Expeditors International of Washington, Inc.(a)		11,520		1,042,790
FedEx Corp.(a)		4,608		1,159,004
United Parcel Service, Inc., Class B		6,336		1,055,768
				4,317,068
Auto Components - 0.4%
Gentex Corp.(a)		36,288		934,416
Banks - 2.8%
Bank of Hawaii Corp.(a)		18,048		911,785
Bank OZK		43,392		925,118
Commerce Bancshares, Inc.(a)		16,896		951,076
First Financial Bankshares, Inc.(a)		32,448		905,624
First Hawaiian, Inc.(a)		61,824		894,593
Glacier Bancorp, Inc.(a)		28,608		916,886
UMB Financial Corp.		18,624		912,762
				6,417,844
Biotechnology - 5.0%
Alexion Pharmaceuticals, Inc.*(a)		9,600		1,098,528
Alnylam Pharmaceuticals, Inc.*(a)		7,488		1,090,253
Amgen, Inc.(a)		4,032		1,024,773
Gilead Sciences, Inc.(a)		15,360		970,598
Incyte Corp.*(a)		10,752		964,885
Moderna, Inc.*		14,208		1,005,216
Neurocrine Biosciences, Inc.*		9,024		867,748
Regeneron Pharmaceuticals, Inc.*		1,728		967,300
Seattle Genetics, Inc.*		6,528		1,277,464
United Therapeutics Corp.*		9,600		969,600
Vertex Pharmaceuticals, Inc.*		3,648		992,694
				11,229,059
Building Products - 0.4%
Lennox International, Inc.(a)		3,456		942,140
Capital Markets - 4.7%
Bank of New York Mellon Corp. (The)(a)		27,456		942,839
Cboe Global Markets, Inc.(a)		10,944		960,226
Charles Schwab Corp. (The)		28,416		1,029,512
CME Group, Inc.(a)		5,760		963,705
Franklin Resources, Inc.(a)		47,232		961,171
Interactive Brokers Group, Inc., Class A(a)		19,008		918,657
Intercontinental Exchange, Inc.(a)		9,600		960,480
MarketAxess Holdings, Inc.(a)		1,920		924,653
Morningstar, Inc.		6,144		986,788
MSCI, Inc.		2,688		959,025
Tradeweb Markets, Inc., Class A		17,664		1,024,512
				10,631,568
Chemicals - 1.8%
Air Products and Chemicals, Inc.(a)		3,456		1,029,404
Corteva, Inc.(a)		34,368		990,142
NewMarket Corp.		2,688		920,156
Olin Corp.		87,168		1,079,140
				4,018,842
Commercial Services & Supplies - 1.8%
Republic Services, Inc.		10,944		1,021,622
Rollins, Inc.		18,048		978,021
Tetra Tech, Inc.		10,752		1,026,816
Waste Management, Inc.		8,832		999,518
				4,025,977
Communications Equipment - 0.8%
Cisco Systems, Inc.(a)		23,808		937,797
Ubiquiti, Inc.		5,376		895,964
				1,833,761
Construction & Engineering - 0.4%
Valmont Industries, Inc.		7,872		977,545
Consumer Finance - 0.4%
FirstCash, Inc.(a)		16,512		944,652
Containers & Packaging - 2.2%
Amcor plc(a)		91,776		1,014,125
AptarGroup, Inc.(a)		8,448		956,313
Packaging Corp. of America		9,984		1,088,755
Silgan Holdings, Inc.		26,688		981,318
Sonoco Products Co.		18,624		951,128
				4,991,639
Distributors - 0.5%
Pool Corp.		3,072		1,027,707
Diversified Consumer Services - 2.1%
frontdoor, Inc.*(a)		24,384		948,782
Graham Holdings Co., Class B(a)		2,496		1,008,659
Grand Canyon Education, Inc.*(a)		10,944		874,863
Service Corp. International		22,080		931,334
ServiceMaster Global Holdings, Inc.*		25,344		1,010,719
				4,774,357
Diversified Financial Services - 0.4%
Berkshire Hathaway, Inc., Class B*(a)		4,608		981,228

AGF Investments Trust

AGFiQ U.S. Market Neutral Anti-Beta Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
Diversified Telecommunication Services - 0.8%
Liberty Global plc, Class C*(a)		44,160		906,826
Verizon Communications, Inc.		16,896		1,005,143
				1,911,969
Electric Utilities - 1.3%
Avangrid, Inc.(a)		20,544		1,036,650
Hawaiian Electric Industries, Inc.(a)		29,376		976,458
NextEra Energy, Inc.		3,648		1,012,539
				3,025,647
Electronic Equipment, Instruments & Components - 1.2%
Cognex Corp.(a)		14,784		962,438
Keysight Technologies, Inc.*(a)		10,176		1,005,185
Zebra Technologies Corp., Class A*		3,456		872,502
				2,840,125
Entertainment - 2.5%
Activision Blizzard, Inc.(a)		11,904		963,629
Electronic Arts, Inc.*(a)		6,912		901,394
Netflix, Inc.*		1,920		960,057
Take-Two Interactive Software, Inc.*		5,760		951,667
World Wrestling Entertainment, Inc., Class A		22,080		893,578
Zynga, Inc., Class A*		110,016		1,003,346
				5,673,671
Equity Real Estate Investment Trusts (REITs) - 7.3%
American Tower Corp.(a)		4,032		974,655
Americold Realty Trust(a)		26,304		940,368
CoreSite Realty Corp.(a)		8,256		981,473
Crown Castle International Corp.(a)		6,336		1,054,944
CubeSmart(a)		32,448		1,048,395
CyrusOne, Inc.(a)		12,288		860,529
Digital Realty Trust, Inc.(a)		6,528		958,049
Equinix, Inc.(a)		1,344		1,021,615
Equity Commonwealth(a)		32,640		869,203
Equity LifeStyle Properties, Inc.(a)		15,552		953,338
Extra Space Storage, Inc.(a)		9,408		1,006,562
Healthcare Trust of America, Inc., Class A(a)		39,552		1,028,352
Lexington Realty Trust(a)		86,784		906,893
Public Storage		4,800		1,069,056
Rayonier, Inc.		35,136		928,996
SBA Communications Corp.		3,264		1,039,519
Sun Communities, Inc.		6,912		971,896
				16,613,843
Food & Staples Retailing - 0.8%
Kroger Co. (The)(a)		27,648		937,544
Sprouts Farmers Market, Inc.*		41,472		868,009
				1,805,553
Food Products - 2.6%
Flowers Foods, Inc.(a)		40,320		980,986
General Mills, Inc.(a)		15,552		959,247
Hain Celestial Group, Inc. (The)*(a)		30,528		1,047,110
Hormel Foods Corp.(a)		19,776		966,849
J M Smucker Co. (The)		8,256		953,733
Kellogg Co.(a)		14,208		917,695
				5,825,620
Gas Utilities - 2.0%
Atmos Energy Corp.(a)		10,176		972,724
National Fuel Gas Co.		22,464		911,814
New Jersey Resources Corp.		33,600		907,872
South Jersey Industries, Inc.		45,504		876,862
Spire, Inc.		17,472		929,510
				4,598,782
Health Care Equipment & Supplies - 1.3%
Baxter International, Inc.(a)		11,904		957,319
Becton Dickinson and Co.(a)		4,032		938,166
ICU Medical, Inc.*(a)		5,184		947,428
				2,842,913
Health Care Providers & Services - 0.9%
Amedisys, Inc.*(a)		4,032		953,286
Premier, Inc., Class A		32,064		1,052,661
				2,005,947
Health Care Technology - 0.9%
Teladoc Health, Inc.*		4,608		1,010,258
Veeva Systems, Inc., Class A*		3,648		1,025,781
				2,036,039
Hotels, Restaurants & Leisure - 0.9%
Domino's Pizza, Inc.(a)		2,496		1,061,499
McDonald's Corp.(a)		4,608		1,011,410
				2,072,909
Household Durables - 0.8%
Garmin Ltd.(a)		9,600		910,656
Helen of Troy Ltd.*(a)		4,800		928,896
				1,839,552
Household Products - 0.9%
Church & Dwight Co., Inc.(a)		10,560		989,578
Clorox Co. (The)(a)		4,608		968,463
				1,958,041
Industrial Conglomerates - 0.8%
3M Co.		6,144		984,146
Roper Technologies, Inc.		2,304		910,333
				1,894,479
Insurance - 3.8%
Arthur J Gallagher & Co.(a)		9,600		1,013,568
Axis Capital Holdings Ltd.(a)		22,080		972,403
Brown & Brown, Inc.(a)		22,080		999,562
Erie Indemnity Co., Class A(a)		4,800		1,009,344
Everest Re Group Ltd.		4,608		910,264
Progressive Corp. (The)		10,944		1,036,069
RLI Corp.		10,752		900,265
Selective Insurance Group, Inc.		17,472		899,633

AGF Investments Trust

AGFiQ U.S. Market Neutral Anti-Beta Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
White Mountains Insurance Group Ltd.		1,152		897,408
				8,638,516
Interactive Media & Services - 0.4%
Alphabet, Inc., Class C*(a)		576		846,490
Internet & Direct Marketing Retail - 0.9%
Amazon.com, Inc.*(a)		384		1,209,112
eBay, Inc.(a)		17,088		890,285
				2,099,397
IT Services - 3.9%
Accenture plc, Class A(a)		4,224		954,582
Akamai Technologies, Inc.*(a)		9,024		997,513
Black Knight, Inc.*(a)		12,096		1,052,957
Booz Allen Hamilton Holding Corp.(a)		11,520		955,929
Broadridge Financial Solutions, Inc.(a)		7,296		963,072
MAXIMUS, Inc.		12,864		880,026
MongoDB, Inc.*(a)		4,416		1,022,348
Okta, Inc.*		4,416		944,362
VeriSign, Inc.*		4,800		983,280
				8,754,069
Life Sciences Tools & Services - 0.9%
Bio-Rad Laboratories, Inc., Class A*(a)		1,920		989,683
Repligen Corp.*		6,720		991,469
				1,981,152
Machinery - 1.4%
Caterpillar, Inc.(a)		7,104		1,059,561
Graco, Inc.(a)		17,088		1,048,349
Toro Co. (The)		13,440		1,128,288
				3,236,198
Metals & Mining - 0.8%
Newmont Corp.		15,360		974,592
Royal Gold, Inc.		7,296		876,760
				1,851,352
Multiline Retail - 1.6%
Dollar General Corp.(a)		4,992		1,046,423
Dollar Tree, Inc.*(a)		9,600		876,864
Ollie's Bargain Outlet Holdings, Inc.*		9,024		788,246
Target Corp.		6,528		1,027,638
				3,739,171
Multi-Utilities - 0.9%
Consolidated Edison, Inc.(a)		14,208		1,105,382
Dominion Energy, Inc.(a)		12,864		1,015,356
				2,120,738
Oil, Gas & Consumable Fuels - 2.7%
Cabot Oil & Gas Corp.(a)		53,760		933,274
Cheniere Energy, Inc.*(a)		19,776		915,036
Concho Resources, Inc.(a)		19,776		872,517
ConocoPhillips(a)		26,688		876,434
EOG Resources, Inc.(a)		23,232		834,958
EQT Corp.(a)		64,128		829,175
Equitrans Midstream Corp.(a)		95,616		808,911
				6,070,305
Pharmaceuticals - 1.3%
Eli Lilly and Co.(a)		6,720		994,694
Johnson & Johnson(a)		6,528		971,889
Merck & Co., Inc.		11,712		971,510
				2,938,093
Professional Services - 1.3%
FTI Consulting, Inc.*(a)		8,640		915,581
Nielsen Holdings plc		66,432		942,006
Verisk Analytics, Inc.		5,376		996,226
				2,853,813
Road & Rail - 1.6%
JB Hunt Transport Services, Inc.(a)		7,104		897,803
Knight-Swift Transportation Holdings, Inc.(a)		21,696		883,027
Landstar System, Inc.(a)		7,296		915,575
Old Dominion Freight Line, Inc.		4,992		903,153
				3,599,558
Semiconductors & Semiconductor Equipment - 0.9%
Texas Instruments, Inc.		7,104		1,014,380
Xilinx, Inc.		9,600		1,000,704
				2,015,084
Software - 7.0%
Adobe, Inc.*(a)		1,920		941,626
Autodesk, Inc.*(a)		4,032		931,432
Citrix Systems, Inc.(a)		6,912		951,852
Coupa Software, Inc.*(a)		3,072		842,465
DocuSign, Inc.*(a)		4,608		991,826
Dropbox, Inc., Class A*(a)		48,960		942,970
Fortinet, Inc.*(a)		7,296		859,542
Guidewire Software, Inc.*(a)		9,024		940,932
NortonLifeLock, Inc.		41,472		864,276
Oracle Corp.		17,472		1,043,078
RingCentral, Inc., Class A*		3,456		949,052
Smartsheet, Inc., Class A*		19,200		948,864
Teradata Corp.*		40,896		928,339
Tyler Technologies, Inc.*		2,880		1,003,853
Zoom Video Communications, Inc., Class A*		3,456		1,624,700
Zscaler, Inc.*		7,104		999,462
				15,764,269
Specialty Retail - 1.3%
Murphy USA, Inc.*		7,296		935,858
O'Reilly Automotive, Inc.*		2,112		973,801
Tractor Supply Co.		6,528		935,723
				2,845,382
Textiles, Apparel & Luxury Goods - 1.3%
Columbia Sportswear Co.(a)		12,096		1,052,110
Hanesbrands, Inc.(a)		64,512		1,016,064

AGF Investments Trust

AGFiQ U.S. Market Neutral Anti-Beta Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Lululemon Athletica, Inc.*(a)		2,688			885,347
					2,953,521
Thrifts & Mortgage Finance - 0.4%
New York Community Bancorp, Inc.		111,168			919,359
Trading Companies & Distributors - 0.9%
MSC Industrial Direct Co., Inc., Class A		15,744			996,280
Watsco, Inc.		4,032			939,013
					1,935,293
TOTAL COMMON STOCKS (Cost $187,883,360)					194,006,663
TOTAL LONG POSITIONS  (Cost $187,883,360)					194,006,663
SHORT POSITIONS - (87.8)%
COMMON STOCKS - (87.8)%
Aerospace & Defense - (2.1)%
Boeing Co. (The)		(5,952	)		(983,628	)
Raytheon Technologies Corp.		(16,704	)		(961,148	)
Spirit AeroSystems Holdings, Inc., Class A		(49,920	)		(943,987	)
Textron, Inc.		(26,112	)		(942,382	)
TransDigm Group, Inc.		(2,112	)		(1,003,453	)
					(4,834,598	)
Air Freight & Logistics - (0.4)%
XPO Logistics, Inc.*		(11,712	)		(991,538	)
Airlines - (2.2)%
Alaska Air Group, Inc.		(27,648	)		(1,012,746	)
American Airlines Group, Inc.		(79,488	)		(976,907	)
Delta Air Lines, Inc.		(33,984	)		(1,039,231	)
JetBlue Airways Corp.*		(91,008	)		(1,031,121	)
United Airlines Holdings, Inc.*		(29,568	)		(1,027,488	)
					(5,087,493	)
Auto Components - (0.5)%
Aptiv plc		(11,904	)		(1,091,359	)
Automobiles - (0.4)%
Thor Industries, Inc.		(9,984	)		(951,076	)
Banks - (3.4)%
Citigroup, Inc.		(19,968	)		(860,821	)
Citizens Financial Group, Inc.		(40,128	)		(1,014,436	)
Fifth Third Bancorp		(49,920	)		(1,064,294	)
Hancock Whitney Corp.		(51,648	)		(971,499	)
PacWest Bancorp		(53,568	)		(914,941	)
Sterling Bancorp		(86,208	)		(906,908	)
Synovus Financial Corp.		(47,040	)		(995,837	)
TCF Financial Corp.		(38,208	)		(892,539	)
					(7,621,275	)
Beverages - (0.9)%
Constellation Brands, Inc., Class A		(5,568	)		(1,055,192	)
Monster Beverage Corp.*		(12,096	)		(970,099	)
					(2,025,291	)
Biotechnology - (1.7)%
FibroGen, Inc.*		(24,384	)		(1,002,670	)
Immunomedics, Inc.*		(24,576	)		(2,089,697	)
Intercept Pharmaceuticals, Inc.*		(20,928	)		(867,675	)
					(3,960,042	)
Building Products - (0.5)%
Fortune Brands Home & Security, Inc.		(11,904	)		(1,029,934	)
Capital Markets - (0.5)%
Evercore, Inc., Class A		(15,936	)		(1,043,171	)
Chemicals - (3.1)%
Avient Corp.		(38,976	)		(1,031,305	)
Cabot Corp.		(26,304	)		(947,733	)
Chemours Co. (The)		(48,576	)		(1,015,724	)
Eastman Chemical Co.		(13,824	)		(1,079,931	)
Ingevity Corp.*		(17,856	)		(882,801	)
LyondellBasell Industries NV, Class A		(14,592	)		(1,028,590	)
W R Grace & Co.		(24,192	)		(974,696	)
					(6,960,780	)
Commercial Services & Supplies - (0.4)%
Cimpress plc*		(10,752	)		(808,120	)
Communications Equipment - (0.8)%
CommScope Holding Co., Inc.*		(98,496	)		(886,464	)
ViaSat, Inc.*		(25,344	)		(871,580	)
					(1,758,044	)
Construction & Engineering - (0.4)%
Fluor Corp.		(107,328	)		(945,560	)
Construction Materials - (0.5)%
Eagle Materials, Inc.		(12,096	)		(1,044,127	)
Consumer Finance - (2.0)%
Ally Financial, Inc.		(45,504	)		(1,140,785	)
Capital One Financial Corp.		(15,360	)		(1,103,770	)
Discover Financial Services		(19,776	)		(1,142,657	)
Synchrony Financial		(41,472	)		(1,085,322	)
					(4,472,534	)
Diversified Financial Services - (0.4)%
Equitable Holdings, Inc.		(48,000	)		(875,520	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Anti-Beta Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Diversified Telecommunication Services - (0.4)%
Liberty Latin America Ltd., Class C*		(106,560	)		(867,398	)
Electric Utilities - (2.2)%
Entergy Corp.		(10,560	)		(1,040,477	)
NRG Energy, Inc.		(29,952	)		(920,724	)
OGE Energy Corp.		(32,448	)		(973,116	)
PNM Resources, Inc.		(23,424	)		(968,114	)
PPL Corp.		(36,672	)		(997,845	)
					(4,900,276	)
Electrical Equipment - (0.4)%
nVent Electric plc		(52,032	)		(920,446	)
Electronic Equipment, Instruments & Components - (2.2)%
Belden, Inc.		(29,760	)		(926,131	)
CDW Corp.		(9,216	)		(1,101,589	)
Coherent, Inc.*		(9,024	)		(1,001,032	)
FLIR Systems, Inc.		(28,224	)		(1,011,830	)
Jabil, Inc.		(29,568	)		(1,013,000	)
					(5,053,582	)
Energy Equipment & Services - (0.7)%
Halliburton Co.		(64,128	)		(772,743	)
Helmerich & Payne, Inc.		(61,248	)		(897,283	)
					(1,670,026	)
Entertainment - (0.8)%
Cinemark Holdings, Inc.		(77,376	)		(773,760	)
Live Nation Entertainment, Inc.*		(19,200	)		(1,034,496	)
					(1,808,256	)
Equity Real Estate Investment Trusts (REITs) - (7.0)%
American Campus Communities, Inc.		(31,104	)		(1,086,152	)
Apple Hospitality REIT, Inc.		(101,952	)		(979,759	)
Colony Capital, Inc.		(362,688	)		(990,138	)
EPR Properties		(32,640	)		(897,600	)
Gaming and Leisure Properties, Inc.		(27,456	)		(1,013,950	)
Lamar Advertising Co., Class A		(14,976	)		(990,962	)
National Health Investors, Inc.		(16,512	)		(995,178	)
Outfront Media, Inc.		(62,016	)		(902,333	)
Park Hotels & Resorts, Inc.		(111,360	)		(1,112,486	)
Pebblebrook Hotel Trust		(81,408	)		(1,020,042	)
RLJ Lodging Trust		(108,288	)		(937,774	)
Sabra Health Care REIT, Inc.		(69,312	)		(955,466	)
Simon Property Group, Inc.		(15,360	)		(993,485	)
Ventas, Inc.		(24,960	)		(1,047,322	)
Vornado Realty Trust		(28,416	)		(957,903	)
Weyerhaeuser Co.		(34,560	)		(985,651	)
					(15,866,201	)
Food & Staples Retailing - (1.4)%
Performance Food Group Co.*		(30,720	)		(1,063,526	)
Sysco Corp.		(17,664	)		(1,099,054	)
US Foods Holding Corp.*		(44,544	)		(989,768	)
					(3,152,348	)
Food Products - (1.0)%
Darling Ingredients, Inc.*		(30,912	)		(1,113,760	)
Lamb Weston Holdings, Inc.		(16,512	)		(1,094,250	)
					(2,208,010	)
Health Care Equipment & Supplies - (2.3)%
Align Technology, Inc.*		(3,456	)		(1,131,356	)
Intuitive Surgical, Inc.*		(1,536	)		(1,089,854	)
LivaNova plc*		(22,272	)		(1,006,917	)
NuVasive, Inc.*		(19,968	)		(969,846	)
Stryker Corp.		(5,376	)		(1,120,197	)
					(5,318,170	)
Health Care Providers & Services - (4.5)%
Acadia Healthcare Co., Inc.*		(33,984	)		(1,001,848	)
Anthem, Inc.		(3,840	)		(1,031,386	)
Encompass Health Corp.		(16,512	)		(1,072,950	)
HCA Healthcare, Inc.		(7,680	)		(957,542	)
HealthEquity, Inc.*		(18,816	)		(966,578	)
Humana, Inc.		(2,496	)		(1,033,070	)
Laboratory Corp. of America Holdings*		(5,760	)		(1,084,435	)
Tenet Healthcare Corp.*		(38,784	)		(950,596	)
UnitedHealth Group, Inc.		(3,264	)		(1,017,617	)
Universal Health Services, Inc., Class B		(9,408	)		(1,006,844	)
					(10,122,866	)
Hotels, Restaurants & Leisure - (4.1)%
Carnival Corp.		(66,432	)		(1,008,438	)
Darden Restaurants, Inc.		(12,288	)		(1,237,893	)
Hilton Grand Vacations, Inc.*		(49,344	)		(1,035,237	)
Marriott Vacations Worldwide Corp.		(11,328	)		(1,028,696	)
MGM Resorts International		(46,080	)		(1,002,240	)
Norwegian Cruise Line Holdings Ltd.*		(64,512	)		(1,103,800	)
Planet Fitness, Inc., Class A*		(17,472	)		(1,076,625	)
Royal Caribbean Cruises Ltd.		(16,128	)		(1,043,965	)
Wynn Resorts Ltd.		(11,904	)		(854,826	)
					(9,391,720	)
Household Durables - (1.4)%
Mohawk Industries, Inc.*		(10,944	)		(1,068,025	)
Tempur Sealy International, Inc.*		(11,520	)		(1,027,469	)
Toll Brothers, Inc.		(22,464	)		(1,093,098	)
					(3,188,592	)
Household Products - (0.8)%
Energizer Holdings, Inc.		(21,120	)		(826,637	)
Spectrum Brands Holdings, Inc.		(17,088	)		(976,750	)
					(1,803,387	)
Insurance - (4.6)%
American Financial Group, Inc.		(15,360	)		(1,028,813	)
American International Group, Inc.		(34,944	)		(962,008	)
Assured Guaranty Ltd.		(47,424	)		(1,018,668	)
Athene Holding Ltd., Class A*		(27,456	)		(935,700	)
Brighthouse Financial, Inc.*		(32,640	)		(878,342	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Anti-Beta Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Lincoln National Corp.		(28,224	)		(884,258	)
Primerica, Inc.		(8,064	)		(912,361	)
Principal Financial Group, Inc.		(23,232	)		(935,553	)
Prudential Financial, Inc.		(14,784	)		(939,080	)
Reinsurance Group of America, Inc.		(10,944	)		(1,041,759	)
Unum Group		(55,296	)		(930,632	)
					(10,467,174	)
Interactive Media & Services - (0.9)%
TripAdvisor, Inc.		(44,352	)		(868,856	)
Zillow Group, Inc., Class C*		(12,096	)		(1,228,832	)
					(2,097,688	)
Internet & Direct Marketing Retail - (0.4)%
Wayfair, Inc., Class A*		(2,880	)		(838,109	)
IT Services - (3.4)%
DXC Technology Co.		(52,224	)		(932,199	)
Euronet Worldwide, Inc.*		(9,792	)		(892,051	)
Gartner, Inc.*		(7,680	)		(959,616	)
Global Payments, Inc.		(5,760	)		(1,022,861	)
KBR, Inc.		(42,048	)		(940,193	)
Science Applications International Corp.		(12,480	)		(978,682	)
Square, Inc., Class A*		(6,528	)		(1,061,126	)
WEX, Inc.*		(6,336	)		(880,514	)
					(7,667,242	)
Leisure Products - (0.4)%
Brunswick Corp.		(16,512	)		(972,722	)
Life Sciences Tools & Services - (1.7)%
Charles River Laboratories International, Inc.*		(4,608	)		(1,043,481	)
IQVIA Holdings, Inc.*		(6,336	)		(998,744	)
PRA Health Sciences, Inc.*		(9,792	)		(993,300	)
Syneos Health, Inc.*		(16,704	)		(887,985	)
					(3,923,510	)
Machinery - (3.0)%
Colfax Corp.*		(29,952	)		(939,295	)
Middleby Corp. (The)*		(10,752	)		(964,562	)
Parker-Hannifin Corp.		(4,800	)		(971,232	)
Stanley Black & Decker, Inc.		(6,336	)		(1,027,699	)
Timken Co. (The)		(18,624	)		(1,009,793	)
Westinghouse Air Brake Technologies Corp.		(15,168	)		(938,596	)
Woodward, Inc.		(12,096	)		(969,615	)
					(6,820,792	)
Media - (1.7)%
Interpublic Group of Cos., Inc. (The)		(56,640	)		(944,189	)
Liberty Media Corp-Liberty SiriusXM*		(28,224	)		(933,650	)
Nexstar Media Group, Inc., Class A		(10,944	)		(984,194	)
ViacomCBS, Inc.		(36,480	)		(1,021,804	)
					(3,883,837	)
Metals & Mining - (0.8)%
Alcoa Corp.*		(67,392	)		(783,769	)
Freeport-McMoRan, Inc.		(67,584	)		(1,057,014	)
					(1,840,783	)
Mortgage Real Estate Investment Trusts (REITs) - (1.7)%
Blackstone Mortgage Trust, Inc., Class A		(43,200	)		(949,104	)
New Residential Investment Corp.		(131,136	)		(1,042,531	)
Starwood Property Trust, Inc.		(65,472	)		(987,973	)
Two Harbors Investment Corp.		(181,632	)		(924,507	)
					(3,904,115	)
Multiline Retail - (0.4)%
Kohl's Corp.		(48,960	)		(907,229	)
Multi-Utilities - (2.2)%
Black Hills Corp.		(18,624	)		(996,198	)
CenterPoint Energy, Inc.		(51,648	)		(999,389	)
DTE Energy Co.		(8,832	)		(1,016,033	)
MDU Resources Group, Inc.		(44,160	)		(993,600	)
NorthWestern Corp.		(19,584	)		(952,566	)
					(4,957,786	)
Oil, Gas & Consumable Fuels - (1.9)%
Apache Corp.		(72,192	)		(683,658	)
Marathon Petroleum Corp.		(28,800	)		(844,992	)
Noble Energy, Inc.		(100,992	)		(863,482	)
ONEOK, Inc.		(38,208	)		(992,644	)
Targa Resources Corp.		(59,328	)		(832,372	)
					(4,217,148	)
Paper & Forest Products - (0.4)%
Louisiana-Pacific Corp.		(30,912	)		(912,213	)
Personal Products - (0.5)%
Nu Skin Enterprises, Inc., Class A		(21,120	)		(1,057,901	)
Pharmaceuticals - (0.4)%
Elanco Animal Health, Inc.*		(36,096	)		(1,008,161	)
Professional Services - (0.4)%
Insperity, Inc.		(14,976	)		(980,778	)
Real Estate Management & Development - (0.4)%
Howard Hughes Corp. (The)*		(17,664	)		(1,017,446	)
Road & Rail - (0.4)%
Lyft, Inc., Class A*		(34,368	)		(946,838	)
Semiconductors & Semiconductor Equipment - (3.5)%
Applied Materials, Inc.		(15,936	)		(947,395	)
Lam Research Corp.		(2,880	)		(955,440	)
Microchip Technology, Inc.		(9,408	)		(966,766	)
Micron Technology, Inc.*		(22,656	)		(1,063,926	)

AGF Investments Trust

AGFiQ U.S. Market Neutral Anti-Beta Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
NXP Semiconductors NV		(7,872	)		(982,505	)
ON Semiconductor Corp.*		(46,848	)		(1,016,133	)
Teradyne, Inc.		(11,328	)		(900,123	)
Universal Display Corp.		(5,568	)		(1,006,360	)
					(7,838,648	)
Software - (2.4)%
Anaplan, Inc.*		(17,472	)		(1,093,398	)
Nutanix, Inc., Class A*		(46,848	)		(1,039,088	)
Paylocity Holding Corp.*		(7,104	)		(1,146,728	)
SS&C Technologies Holdings, Inc.		(15,744	)		(952,827	)
Trade Desk, Inc. (The), Class A*		(2,112	)		(1,095,663	)
					(5,327,704	)
Specialty Retail - (1.4)%
Aaron's, Inc.		(18,048	)		(1,022,419	)
Carvana Co.*		(4,800	)		(1,070,688	)
National Vision Holdings, Inc.*		(26,496	)		(1,013,207	)
					(3,106,314	)
Technology Hardware, Storage & Peripherals - (1.9)%
NCR Corp.*		(49,344	)		(1,092,476	)
Pure Storage, Inc., Class A*		(67,392	)		(1,037,163	)
Western Digital Corp.		(29,568	)		(1,080,710	)
Xerox Holdings Corp.		(53,952	)		(1,012,679	)
					(4,223,028	)
Textiles, Apparel & Luxury Goods - (1.5)%
Capri Holdings Ltd.*		(63,168	)		(1,137,024	)
PVH Corp.		(19,200	)		(1,145,088	)
Tapestry, Inc.		(68,352	)		(1,068,342	)
					(3,350,454	)
Thrifts & Mortgage Finance - (0.4)%
MGIC Investment Corp.		(115,008	)		(1,018,971	)
Trading Companies & Distributors - (1.3)%
Air Lease Corp.		(33,792	)		(994,161	)
United Rentals, Inc.*		(5,760	)		(1,005,120	)
Univar Solutions, Inc.*		(55,680	)		(939,878	)
					(2,939,159	)
Transportation Infrastructure - (0.4)%
Macquarie Infrastructure Corp.		(36,096	)		(970,621	)
TOTAL COMMON STOCKS (Proceeds $(207,650,970))					(198,968,111	)
TOTAL SHORT POSITIONS  (Proceeds $(207,650,970))					(198,968,111	)
Total Investments - (2.2)%  (Cost $(19,767,610))					(4,961,448	)
Other assets less liabilities - 102.2%					231,544,967
Net Assets - 100.0%					226,583,519

*	Non-income producing security.
(a)	All or a portion of this security is segregated in connection with obligations for securities sold short with a total value of $110,348,781.

AGF Investments Trust

AGFiQ U.S. Market Neutral Anti-Beta Fund

Schedule of Investments

September 30, 2020 (Unaudited)

OTC Total return swap contracts outstanding as of September 30, 2020

Notional Amount		Termination Date(1)	Counterparty	Rate Paid (Received)(2)			Payment Frequency	Underlying Instrument(3)	Value and Unrealized Appreciation/ (Depreciation) ($)
USD	22,246,093	9/30/2021	Morgan Stanley		0.50	%	Monthly	Dow Jones U.S. Low Beta Total Return Index(4)		1,644,467
USD	(19,902,233)	9/30/2021	Morgan Stanley		(0.25	)%	Monthly	Dow Jones U.S. High Beta Total Return Index(5)		751,523
										2,395,990

(1)	Agreements may be terminated at will by either party without penalty. Payment is due at termination/maturity.
(2)	Reflects the floating financing rate, as of September 30, 2020, on the notional amount of the swap agreement paid to the counterparty or received from the counterparty, excluding any commissions. Payments may be made at the conclusion of the agreement or periodically during its term.
(3)	The 50 largest components of the referenced underlying Swap Index can be found at https://www.agf.com/us/resources
(4)	The Dow Jones U.S. Low Beta Total Return Index (DJTLABT) is designed to measure the performance of 200 companies ranked as having the lowest beta. Beta is calculated using weekly returns for the previous 52 weeks. Dividends are reinvested.
(5)	The Dow Jones U.S. High Beta Total Return Index (DJTSABT) is designed to measure the performance of 200 companies ranked as having the highest beta. Beta is calculated using weekly returns for the previous 52 weeks. Dividends are reinvested.

Abbreviations

USD US Dollar

AGF Investments Trust

AGFiQ Hedged Dividend Income Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
LONG POSITIONS - 97.5%
COMMON STOCKS - 95.6%
Aerospace & Defense - 1.0%
Huntington Ingalls Industries, Inc.		210		29,558
Banks - 7.8%
Citizens Financial Group, Inc.(a)		1,167		29,502
Comerica, Inc.		771		29,491
First Horizon National Corp.(a)		3,138		29,591
Huntington Bancshares, Inc.(a)		3,219		29,518
People's United Financial, Inc.		2,877		29,662
Regions Financial Corp.		2,559		29,505
Synovus Financial Corp.		1,395		29,532
United Bankshares, Inc.		1,383		29,693
				236,494
Beverages - 2.0%
Coca-Cola Co. (The)		600		29,622
Molson Coors Beverage Co., Class B		885		29,701
				59,323
Biotechnology - 1.9%
AbbVie, Inc.(a)		336		29,430
Gilead Sciences, Inc.		468		29,573
				59,003
Chemicals - 2.9%
CF Industries Holdings, Inc.(a)		963		29,574
Chemours Co. (The)		1,407		29,420
Eastman Chemical Co.(a)		378		29,529
				88,523
Communications Equipment - 1.9%
Cisco Systems, Inc.		750		29,542
Juniper Networks, Inc.(a)		1,380		29,670
				59,212
Containers & Packaging - 1.0%
International Paper Co.(a)		729		29,554
Distributors - 1.0%
Genuine Parts Co.(a)		309		29,408
Diversified Telecommunication Services - 1.9%
AT&T, Inc.		1,038		29,593
Verizon Communications, Inc.		498		29,626
				59,219
Electric Utilities - 10.7%
American Electric Power Co., Inc.		360		29,423
Duke Energy Corp.(a)		333		29,491
Edison International(a)		579		29,436
Entergy Corp.		300		29,559
Exelon Corp.(a)		825		29,502
Hawaiian Electric Industries, Inc.		885		29,417
OGE Energy Corp.		987		29,600
Pinnacle West Capital Corp.		396		29,522
Portland General Electric Co.		831		29,501
PPL Corp.		1,083		29,468
Southern Co. (The)		546		29,604
				324,523
Electronic Equipment, Instruments & Components - 1.0%
Corning, Inc.(a)		909		29,461
Energy Equipment & Services - 1.0%
Baker Hughes Co.(a)		2,220		29,504
Equity Real Estate Investment Trusts (REITs) - 11.7%
American Campus Communities, Inc.		849		29,647
Federal Realty Investment Trust		405		29,743
Gaming and Leisure Properties, Inc.(a)		795		29,359
Healthpeak Properties, Inc.		1,092		29,648
Iron Mountain, Inc.(a)		1,101		29,496
Medical Properties Trust, Inc.		1,686		29,724
National Retail Properties, Inc.		858		29,610
Omega Healthcare Investors, Inc.		990		29,641
Physicians Realty Trust		1,650		29,551
Regency Centers Corp.		777		29,542
VICI Properties, Inc.		1,263		29,516
WP Carey, Inc.		456		29,713
				355,190
Food & Staples Retailing - 1.0%
Walgreens Boots Alliance, Inc.		822		29,526
Food Products - 1.9%
Flowers Foods, Inc.		1,212		29,488
Kellogg Co.(a)		459		29,647
				59,135
Gas Utilities - 2.0%
National Fuel Gas Co.		732		29,712
Southwest Gas Holdings, Inc.		471		29,720
				59,432
Health Care Providers & Services - 1.0%
Cardinal Health, Inc.		627		29,438
Household Durables - 2.9%
Leggett & Platt, Inc.(a)		714		29,395
Newell Brands, Inc.		1,710		29,344
Whirlpool Corp.		159		29,238
				87,977
Independent Power and Renewable Electricity Producers - 1.0%
NextEra Energy Partners LP		489		29,320
Industrial Conglomerates - 1.0%
3M Co.(a)		186		29,793
Insurance - 1.9%
Prudential Financial, Inc.		465		29,537
Unum Group		1,761		29,637
				59,174

AGF Investments Trust

AGFiQ Hedged Dividend Income Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
IT Services - 1.9%
International Business Machines Corp.(a)		243			29,566
Western Union Co. (The)		1,374			29,445
					59,011
Leisure Products - 1.0%
Hasbro, Inc.(a)		357			29,531
Machinery - 1.0%
Crane Co.(a)		591			29,627
Media - 2.9%
Interpublic Group of Cos., Inc. (The)(a)		1,773			29,556
Omnicom Group, Inc.		597			29,552
ViacomCBS, Inc.		1,044			29,242
					88,350
Metals & Mining - 1.9%
Nucor Corp.		657			29,473
Steel Dynamics, Inc.		1,035			29,632
					59,105
Mortgage Real Estate Investment Trusts (REITs) - 1.9%
Blackstone Mortgage Trust, Inc., Class A(a)		1,341			29,462
Starwood Property Trust, Inc.		1,956			29,516
					58,978
Multi-Utilities - 7.8%
Black Hills Corp.		552			29,526
Consolidated Edison, Inc.(a)		381			29,642
Dominion Energy, Inc.(a)		375			29,599
DTE Energy Co.		258			29,680
MDU Resources Group, Inc.(a)		1,314			29,565
NiSource, Inc.		1,338			29,436
Public Service Enterprise Group, Inc.		537			29,487
Sempra Energy		249			29,472
					236,407
Oil, Gas & Consumable Fuels - 7.8%
Antero Midstream Corp.		5,472			29,385
Chevron Corp.(a)		411			29,592
ConocoPhillips(a)		900			29,556
Kinder Morgan, Inc.(a)		2,385			29,407
Marathon Petroleum Corp.		1,002			29,399
Phillips 66		567			29,393
Valero Energy Corp.		681			29,501
Williams Cos., Inc. (The)		1,485			29,180
					235,413
Pharmaceuticals - 1.0%
Pfizer, Inc.		804			29,507
Semiconductors & Semiconductor Equipment - 1.0%
Broadcom, Inc.(a)		81			29,510
Technology Hardware, Storage & Peripherals - 3.9%
Hewlett Packard Enterprise Co.(a)		3,135			29,375
HP, Inc.(a)		1,548			29,397
NetApp, Inc.		672			29,460
Xerox Holdings Corp.		1,575			29,563
					117,795
Textiles, Apparel & Luxury Goods - 1.0%
Hanesbrands, Inc.(a)		1,866			29,389
Thrifts & Mortgage Finance - 1.0%
New York Community Bancorp, Inc.		3,564			29,474
Tobacco - 2.0%
Altria Group, Inc.		765			29,560
Philip Morris International, Inc.		396			29,696
					59,256
Trading Companies & Distributors - 1.0%
MSC Industrial Direct Co., Inc., Class A		465			29,425
TOTAL COMMON STOCKS (Cost $3,011,776)					2,893,545
MASTER LIMITED PARTNERSHIPS - 1.9%
Industrial Conglomerates - 1.0%
Icahn Enterprises LP		600			29,592
Oil, Gas & Consumable Fuels - 0.9%
Enterprise Products Partners LP(a)		1,869			29,511
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $78,682)					59,103
TOTAL LONG POSITIONS  (Cost $3,090,458)					2,952,648
SHORT POSITIONS - (48.7)%
COMMON STOCKS - (48.5)%
Aerospace & Defense - (0.5)%
Teledyne Technologies, Inc.*		(24	)		(7,445	)
TransDigm Group, Inc.		(15	)		(7,127	)
					(14,572	)
Airlines - (0.2)%
United Airlines Holdings, Inc.*		(210	)		(7,297	)

AGF Investments Trust

AGFiQ Hedged Dividend Income Fund

Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Automobiles - (0.3)%
Tesla, Inc.*		(18	)		(7,722	)
Banks - (1.0)%
First Citizens BancShares, Inc., Class A		(24	)		(7,651	)
First Financial Bankshares, Inc.		(264	)		(7,368	)
First Republic Bank		(66	)		(7,198	)
SVB Financial Group*		(30	)		(7,219	)
					(29,436	)
Beverages - (0.8)%
Boston Beer Co., Inc. (The), Class A*		(9	)		(7,950	)
Brown-Forman Corp., Class B		(99	)		(7,457	)
Monster Beverage Corp.*		(93	)		(7,459	)
					(22,866	)
Capital Markets - (3.6)%
Affiliated Managers Group, Inc.		(108	)		(7,385	)
E*TRADE Financial Corp.		(147	)		(7,357	)
FactSet Research Systems, Inc.		(21	)		(7,033	)
Hamilton Lane, Inc., Class A		(114	)		(7,363	)
Intercontinental Exchange, Inc.		(72	)		(7,204	)
KKR & Co., Inc.		(213	)		(7,314	)
LPL Financial Holdings, Inc.		(96	)		(7,360	)
MarketAxess Holdings, Inc.		(15	)		(7,224	)
Moody's Corp.		(24	)		(6,956	)
Morningstar, Inc.		(45	)		(7,227	)
MSCI, Inc.		(21	)		(7,492	)
Nasdaq, Inc.		(60	)		(7,363	)
S&P Global, Inc.		(21	)		(7,573	)
SEI Investments Co.		(144	)		(7,304	)
Stifel Financial Corp.		(144	)		(7,281	)
					(109,436	)
Chemicals - (1.2)%
Balchem Corp.		(75	)		(7,322	)
Ecolab, Inc.		(36	)		(7,194	)
Mosaic Co. (The)		(402	)		(7,345	)
Quaker Chemical Corp.		(42	)		(7,548	)
Sherwin-Williams Co. (The)		(9	)		(6,271	)
					(35,680	)
Commercial Services & Supplies - (0.2)%
Copart, Inc.*		(69	)		(7,256	)
Construction Materials - (0.2)%
Eagle Materials, Inc.		(84	)		(7,251	)
Consumer Finance - (0.7)%
American Express Co.		(72	)		(7,218	)
Credit Acceptance Corp.*		(21	)		(7,112	)
LendingTree, Inc.*		(24	)		(7,365	)
					(21,695	)
Containers & Packaging - (0.7)%
Ball Corp.		(90	)		(7,481	)
Berry Global Group, Inc.*		(153	)		(7,393	)
Crown Holdings, Inc.*		(96	)		(7,378	)
					(22,252	)
Diversified Financial Services - (0.5)%
Berkshire Hathaway, Inc., Class B*		(36	)		(7,666	)
Voya Financial, Inc.		(153	)		(7,333	)
					(14,999	)
Electric Utilities - (4.4)%
Alliant Energy Corp.		(285	)		(14,720	)
Evergy, Inc.		(291	)		(14,789	)
Eversource Energy		(177	)		(14,788	)
FirstEnergy Corp.		(513	)		(14,728	)
IDACORP, Inc.		(186	)		(14,862	)
NextEra Energy, Inc.		(54	)		(14,988	)
NRG Energy, Inc.		(480	)		(14,755	)
PNM Resources, Inc.		(357	)		(14,755	)
Xcel Energy, Inc.		(213	)		(14,699	)
					(133,084	)
Electrical Equipment - (0.3)%
Generac Holdings, Inc.*		(39	)		(7,552	)
Energy Equipment & Services - (0.5)%
Halliburton Co.		(609	)		(7,338	)
National Oilwell Varco, Inc.		(816	)		(7,393	)
					(14,731	)
Entertainment - (0.7)%
Electronic Arts, Inc.*		(57	)		(7,433	)
Liberty Media Corp-Liberty Formula One, Class C*		(201	)		(7,290	)
Netflix, Inc.*		(15	)		(7,501	)
					(22,224	)
Equity Real Estate Investment Trusts (REITs) - (1.5)%
American Homes 4 Rent, Class A		(258	)		(7,348	)
American Tower Corp.		(30	)		(7,252	)
Equinix, Inc.		(9	)		(6,841	)
Equity Commonwealth		(276	)		(7,350	)
Rexford Industrial Realty, Inc.		(162	)		(7,413	)
SBA Communications Corp.		(24	)		(7,643	)
					(43,847	)
Food & Staples Retailing - (1.2)%
BJ's Wholesale Club Holdings, Inc.*		(177	)		(7,354	)
Casey's General Stores, Inc.		(42	)		(7,461	)
Grocery Outlet Holding Corp.*		(186	)		(7,314	)
Performance Food Group Co.*		(210	)		(7,270	)
US Foods Holding Corp.*		(330	)		(7,333	)
					(36,732	)
Food Products - (1.2)%
Beyond Meat, Inc.*		(45	)		(7,473	)
Darling Ingredients, Inc.*		(204	)		(7,350	)
Freshpet, Inc.*		(66	)		(7,369	)
Hain Celestial Group, Inc. (The)*		(213	)		(7,306	)
Post Holdings, Inc.*		(87	)		(7,482	)
					(36,980	)

AGF Investments Trust

AGFiQ Hedged Dividend Income Fund
Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares			Value ($)
Gas Utilities - (1.5)%
Atmos Energy Corp.		(153	)		(14,625	)
ONE Gas, Inc.		(213	)		(14,699	)
UGI Corp.		(450	)		(14,841	)
					(44,165	)
Health Care Equipment & Supplies - (1.2)%
Boston Scientific Corp.*		(192	)		(7,337	)
DexCom, Inc.*		(18	)		(7,420	)
Edwards Lifesciences Corp.*		(93	)		(7,423	)
IDEXX Laboratories, Inc.*		(18	)		(7,076	)
Intuitive Surgical, Inc.*		(9	)		(6,386	)
					(35,642	)
Health Care Providers & Services - (0.2)%
Centene Corp.*		(126	)		(7,350	)
Health Care Technology - (0.3)%
Veeva Systems, Inc., Class A*		(27	)		(7,592	)
Hotels, Restaurants & Leisure - (0.5)%
Chipotle Mexican Grill, Inc.*		(6	)		(7,462	)
DraftKings, Inc., Class A*		(126	)		(7,414	)
					(14,876	)
Household Durables - (0.4)%
NVR, Inc.*		(3	)		(12,249	)
Independent Power and Renewable Electricity Producers - (2.0)%
AES Corp. (The)		(816	)		(14,778	)
Clearway Energy, Inc.		(546	)		(14,720	)
Ormat Technologies, Inc.		(249	)		(14,718	)
Vistra Corp.		(780	)		(14,711	)
					(58,927	)
Insurance - (3.7)%
Alleghany Corp.		(15	)		(7,807	)
Arthur J Gallagher & Co.		(69	)		(7,285	)
Brown & Brown, Inc.		(162	)		(7,334	)
Globe Life, Inc.		(93	)		(7,431	)
Goosehead Insurance, Inc., Class A		(84	)		(7,274	)
Kemper Corp.		(111	)		(7,418	)
Kinsale Capital Group, Inc.		(39	)		(7,417	)
Loews Corp.		(213	)		(7,402	)
Markel Corp.*		(9	)		(8,763	)
Marsh & McLennan Cos., Inc.		(63	)		(7,226	)
National General Holdings Corp.		(219	)		(7,391	)
Primerica, Inc.		(66	)		(7,467	)
RLI Corp.		(87	)		(7,284	)
Selective Insurance Group, Inc.		(144	)		(7,415	)
W R Berkley Corp.		(120	)		(7,338	)
					(112,252	)
Interactive Media & Services - (1.0)%
Alphabet, Inc., Class A*		(6	)		(8,794	)
Facebook, Inc., Class A*		(27	)		(7,071	)
Snap, Inc., Class A*		(282	)		(7,363	)
Twitter, Inc.*		(165	)		(7,342	)
					(30,570	)
Internet & Direct Marketing Retail - (0.7)%
Amazon.com, Inc.*		(3	)		(9,446	)
Booking Holdings, Inc.*		(3	)		(5,132	)
Wayfair, Inc., Class A*		(24	)		(6,984	)
					(21,562	)
IT Services - (1.2)%
Fiserv, Inc.*		(72	)		(7,419	)
Okta, Inc.*		(33	)		(7,057	)
PayPal Holdings, Inc.*		(36	)		(7,093	)
Square, Inc., Class A*		(45	)		(7,315	)
Twilio, Inc., Class A*		(30	)		(7,413	)
					(36,297	)
Leisure Products - (0.3)%
Peloton Interactive, Inc., Class A*		(75	)		(7,443	)
Life Sciences Tools & Services - (0.2)%
Illumina, Inc.*		(24	)		(7,418	)
Machinery - (0.2)%
Ingersoll Rand, Inc.*		(207	)		(7,369	)
Media - (0.5)%
Charter Communications, Inc., Class A*		(12	)		(7,492	)
Liberty Broadband Corp., Class C*		(51	)		(7,286	)
					(14,778	)
Metals & Mining - (0.7)%
Freeport-McMoRan, Inc.		(471	)		(7,366	)
Newmont Corp.		(117	)		(7,424	)
Royal Gold, Inc.		(60	)		(7,210	)
					(22,000	)
Multiline Retail - (0.2)%
Dollar Tree, Inc.*		(81	)		(7,399	)
Multi-Utilities - (2.0)%
Ameren Corp.		(186	)		(14,709	)
CenterPoint Energy, Inc.		(762	)		(14,745	)
CMS Energy Corp.		(240	)		(14,738	)
WEC Energy Group, Inc.		(153	)		(14,826	)
					(59,018	)
Oil, Gas & Consumable Fuels - (4.1)%
Apache Corp.		(780	)		(7,387	)
Cabot Oil & Gas Corp.		(426	)		(7,395	)
Cheniere Energy, Inc.*		(159	)		(7,357	)
Concho Resources, Inc.		(168	)		(7,412	)
Devon Energy Corp.		(777	)		(7,351	)
Diamondback Energy, Inc.		(243	)		(7,319	)
EOG Resources, Inc.		(204	)		(7,332	)
EQT Corp.		(567	)		(7,331	)
Exxon Mobil Corp.		(213	)		(7,312	)
Hess Corp.		(180	)		(7,367	)
HollyFrontier Corp.		(372	)		(7,332	)
Marathon Oil Corp.		(1,800	)		(7,362	)
Noble Energy, Inc.		(864	)		(7,387	)

AGF Investments Trust

AGFiQ Hedged Dividend Income Fund

Schedule of Investments

September 30, 2020 (Unaudited) 

Investments	Shares			Value ($)
Parsley Energy, Inc., Class A		(792	)		(7,413	)
Pioneer Natural Resources Co.		(87	)		(7,481	)
Texas Pacific Land Trust		(15	)		(6,774	)
WPX Energy, Inc.*		(1,494	)		(7,321	)
					(124,633	)
Personal Products - (0.2)%
Estee Lauder Cos., Inc. (The), Class A		(33	)		(7,202	)
Professional Services - (0.3)%
CoStar Group, Inc.*		(9	)		(7,637	)
Real Estate Management & Development - (1.0)%
CBRE Group, Inc., Class A*		(156	)		(7,327	)
Howard Hughes Corp. (The)*		(129	)		(7,430	)
Jones Lang LaSalle, Inc.		(78	)		(7,462	)
Redfin Corp.*		(147	)		(7,340	)
					(29,559	)
Road & Rail - (0.5)%
Lyft, Inc., Class A*		(267	)		(7,356	)
Uber Technologies, Inc.*		(204	)		(7,442	)
					(14,798	)
Semiconductors & Semiconductor Equipment - (0.5)%
Advanced Micro Devices, Inc.*		(90	)		(7,379	)
Micron Technology, Inc.*		(156	)		(7,326	)
					(14,705	)
Software - (3.1)%
Adobe, Inc.*		(15	)		(7,356	)
ANSYS, Inc.*		(21	)		(6,872	)
Autodesk, Inc.*		(30	)		(6,930	)
Cadence Design Systems, Inc.*		(69	)		(7,358	)
Crowdstrike Holdings, Inc., Class A*		(54	)		(7,415	)
DocuSign, Inc.*		(33	)		(7,103	)
RingCentral, Inc., Class A*		(27	)		(7,415	)
salesforce.com, Inc.*		(30	)		(7,540	)
ServiceNow, Inc.*		(15	)		(7,275	)
Splunk, Inc.*		(39	)		(7,337	)
Synopsys, Inc.*		(33	)		(7,061	)
Workday, Inc., Class A*		(33	)		(7,099	)
Zoom Video Communications, Inc., Class A*		(15	)		(7,052	)
					(93,813	)
Specialty Retail - (0.7)%
AutoZone, Inc.*		(6	)		(7,066	)
CarMax, Inc.*		(81	)		(7,445	)
O'Reilly Automotive, Inc.*		(15	)		(6,916	)
					(21,427	)
Thrifts & Mortgage Finance - (0.2)%
PennyMac Financial Services, Inc.		(126	)		(7,323	)
Trading Companies & Distributors - (0.2)%
United Rentals, Inc.*		(42	)		(7,329	)
Water Utilities - (1.0)%
American Water Works Co., Inc.		(102	)		(14,778	)
Essential Utilities, Inc.		(366	)		(14,731	)
					(29,509	)
Wireless Telecommunication Services - (0.2)%
T-Mobile US, Inc.*		(63	)		(7,205	)
TOTAL COMMON STOCKS (Proceeds $(1,521,768))					(1,467,659	)
MASTER LIMITED PARTNERSHIPS - (0.2)%
Oil, Gas & Consumable Fuels - (0.2)%
Magellan Midstream Partners LP (Proceeds $(7,282))		(213	)		(7,284	)
TOTAL SHORT POSITIONS  (Proceeds $(1,529,050))					(1,474,943	)
Total Investments - 48.8%  (Cost $1,561,408)					1,477,705
Other assets less liabilities - 51.2%					1,549,312
Net Assets - 100.0%					3,027,017

*	Non-income producing security.
(a)	All or a portion of this security is segregated in connection with obligations for securities sold short with a total value of $996,668.

AGF Investments Trust
AGFiQ Global Infrastructure ETF
Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.3%
Construction & Engineering - 4.5%
Vinci SA		1,219		102,218
Diversified Telecommunication Services - 4.8%
Cellnex Telecom SA		489		29,813
China Tower Corp. Ltd., Class H		388,850		67,233
Infrastrutture Wireless Italiane SpA		1,276		14,123
				111,169
Electric Utilities - 13.4%
AusNet Services		7,744		10,428
Duke Energy Corp.		288		25,505
Edison International		440		22,370
EDP - Energias do Brasil SA		4,178		12,952
Endesa SA		292		7,816
Eversource Energy		420		35,091
Fortis, Inc.		1,006		41,130
Iberdrola SA		1,132		13,949
Mercury NZ Ltd.		3,842		12,963
NextEra Energy, Inc.		92		25,535
OGE Energy Corp.		530		15,895
Power Assets Holdings Ltd.		2,848		14,920
Southern Co. (The)		416		22,555
Terna Rete Elettrica Nazionale SpA		2,704		18,939
Xcel Energy, Inc.		380		26,224
				306,272
Equity Real Estate Investment Trusts (REITs) - 23.5%
American Tower Corp.		889		214,898
Ascendas REIT		5,303		12,587
Crown Castle International Corp.		1,103		183,649
Digital Realty Trust, Inc.		71		10,420
Equinix, Inc.		28		21,284
Japan Logistics Fund, Inc.		5		14,294
SBA Communications Corp.		181		57,645
STAG Industrial, Inc.		798		24,331
				539,108
Gas Utilities - 5.0%
Atmos Energy Corp.		246		23,515
China Gas Holdings Ltd.		4,200		11,923
China Resources Gas Group Ltd.		2,426		10,831
Enagas SA		672		15,517
ENN Energy Holdings Ltd.		1,964		21,388
Hong Kong & China Gas Co. Ltd.		9,464		13,555
Italgas SpA		2,016		12,728
Spire, Inc.		120		6,384
				115,841
Independent Power and Renewable Electricity Producers - 0.5%
Capital Power Corp.		550		12,140
IT Services - 0.5%
GDS Holdings Ltd., ADR*		132		10,801
Multi-Utilities - 13.7%
A2A SpA		6,104		8,874
AGL Energy Ltd.		502		4,897
Consolidated Edison, Inc.		532		41,390
DTE Energy Co.		242		27,840
E.ON SE		1,698		18,770
National Grid plc		7,576		86,984
REN - Redes Energeticas Nacionais SGPS SA		3,650		10,142
RWE AG		324		12,148
Sempra Energy		636		75,277
WEC Energy Group, Inc.		297		28,779
				315,101
Oil, Gas & Consumable Fuels - 18.9%
Enbridge, Inc.		5,520		161,262
Kinder Morgan, Inc.		5,349		65,953
ONEOK, Inc.		582		15,121
Pembina Pipeline Corp.		1,622		34,424
TC Energy Corp.		2,276		95,549
Williams Cos., Inc. (The)		3,105		61,013
				433,322
Road & Rail - 2.4%
Canadian National Railway Co.		151		16,082
Kyushu Railway Co.		416		8,863
Union Pacific Corp.		153		30,121
				55,066
Transportation Infrastructure - 8.5%
Aena SME SA*		264		36,926
ASTM SpA*		756		15,839
Auckland International Airport Ltd.		2,354		11,345
COSCO SHIPPING Ports Ltd.		17,514		9,989
Flughafen Zurich AG (Registered)*		114		15,669
Jiangsu Expressway Co. Ltd., Class H		7,254		7,301
Shenzhen Expressway Co. Ltd., Class H		11,032		9,580
Sydney Airport		4,694		19,702
Transurban Group		5,522		55,807
Zhejiang Expressway Co. Ltd., Class H		18,000		12,983
				195,141
Water Utilities - 3.6%
American Water Works Co., Inc.		246		35,640
Guangdong Investment Ltd.		11,750		18,588
United Utilities Group plc		2,600		28,711
				82,939
TOTAL COMMON STOCKS (Cost $2,439,231)				2,279,118

AGF Investments Trust
AGFiQ Global Infrastructure ETF
Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
EXCHANGE TRADED FUNDS - 0.3%
SPDR S&P Global Infrastructure ETF  (Cost $7,631)		144		6,401
Total Investments - 99.6% (Cost $2,446,862)				2,285,519
Other assets less liabilities - 0.4%				8,158
Net Assets - 100.0%				2,293,677

* Non-income producing security.

Abbreviations
ADR	American Depositary Receipt
SPDR	Standard & Poor's Depositary Receipt

AGFiQ Global Infrastructure ETF invested, as a percentage of net assets, in the following countries as of September 30, 2020:

Australia	4.0	%
Brazil	0.6	%
Canada	15.7	%
China	7.9	%
France	4.5	%
Germany	1.3	%
Hong Kong	1.2	%
Italy	3.1	%
Japan	1.0	%
New Zealand	1.1	%
Portugal	0.4	%
Singapore	0.5	%
Spain	4.5	%
Switzerland	0.7	%
United Kingdom	5.0	%
United States	48.1	%
Other(1)	0.4	%
	100.0	%

(1) Includes any non-equity securities and net other assets (liabilities).

AGF Investments Trust
AGFiQ Dynamic Hedged U.S. Equity ETF
Schedule of Investments

September 30, 2020 (Unaudited)

Investments	Shares		Value ($)
EXCHANGE TRADED FUNDS - 99.7%
AGFiQ U.S. Market Neutral Anti-Beta Fund(a)		17,243		406,762
Communication Services Select Sector SPDR Fund		4,807		285,536
Consumer Discretionary Select Sector SPDR Fund		840		123,463
Consumer Staples Select Sector SPDR Fund		4,546		291,399
Energy Select Sector SPDR Fund		293		8,775
Financial Select Sector SPDR Fund		12,671		304,991
Health Care Select Sector SPDR Fund		4,416		465,800
Industrial Select Sector SPDR Fund		1,663		128,018
Materials Select Sector SPDR Fund		2,074		131,989
Real Estate Select Sector SPDR Fund		1,886		66,519
Technology Select Sector SPDR Fund		5,561		648,969
Utilities Select Sector SPDR Fund		1,254		74,463
TOTAL EXCHANGE TRADED FUNDS (Cost $2,546,465)				2,936,684
Total Investments - 99.7%  (Cost $2,546,465)				2,936,684
Other assets less liabilities - 0.3%				9,443
Net Assets - 100.0%				2,946,127

(a) Affiliated company as defined under the Investment Company Act of 1940.

Investment in a company which was affiliated for the period ended September 30, 2020, was as follows:

Security	Value June 30, 2020		Purchases at Cost		Sales Proceeds		Shares September 30, 2020		Value September 30, 2020		Change in Unrealized Appreciation (Depreciation)			Dividend Income		Realized Loss
AGFiQ U.S. Market Neutral Anti-Beta Fund	$	—	$	425,580	$	1,362		17,243	$	406,762	$	(17,416	)	$	–	$	(40	)